Improve Occupancy with a Property Manager

Are you seeing more short-term occupants and empty spaces in your property? You might be doing something wrong or you lack the insight and expertise to attract and keep tenants. Instead of losing money and more occupants in strategies that don’t work, why not hire a Waterloo property management company to help you?

How can a property management company help you run your business?

A Waterloo property management company has years of experience, when it comes to managing real estate, whether it is commercial or residential. These experts boost occupancy rates because they understand the market, the demand and supply, and which advertising techniques are effective in luring potential occupants.

Their business savvy and insights allows them to create marketing strategies that will increase the likelihood of a signed lease contract. They know how to profile the ideal target market who will be interested in your vacant residential, commercial, office or industrial spaces. They have an idea where to list your property, whether it is online or through their network. A property manager helps you negotiate contracts and convince prospective occupants to sign.

Other than luring tenants, a property manager has the experience to keep current occupants satisfied. They have a network of contractors who can address problems such as electrical, plumbing or structural. A manager has the communication skills to develop rapport with any occupant, whether they are good or bad.

Managers have the eye to identify ways to boost the value of your real estate. Their contractors, designers and builders, can renovate, repaint and improve the façade and interior of your property. These improvements will attract better occupants and improve overall value.

The Hiring Process

When you choose a Waterloo property management company, they need to have certain characteristics. The manager you hire must have good communication skills. This is an important trait because they will have to deal with various occupants, from the whiney one who complains about everything to the overeager one. They must strike a balance between being nice and not being a pushover.

The manager must also be client-centered, because they must be able to respond and be sensitive to the needs and wants of each occupant. They must be action-oriented when it comes to dealing with problems that your property may face. You must also consider the types of properties they managed. They might not have the experience in managing industrial or commercial real estate.

Hiring a property manager is a worthwhile investment because of the experience and expertise they bring into your real estate business.