All Topics > Real Estate Resources > Commercial Real Estate Management >

Commercial Real Estate Management Florida

When you begin your quest for acquiring commercial property, try to work through a professional property management company and find reputable property management for the type of asset that you're pursuing before you even make offers to purchase.

Local Companies

Regent Properties
(727) 507-9808
15371 Roosevelt Blvd #107
Clearwater, FL

The Promenade
305-374-5455
333 S. Miami Ave., Ste. 150
Miami, FL

Empire Title Services, Inc.
(305) 931-4400
20801 Biscayne Blvd.,
Aventura, FL

AESM Enterprises
1-866-577-5709
1161 6th ave s.w.
Largo, FL

Don Crigger Real Estate
352-746-4056
P O Box 240
Lecanto, FL

Coldwell Banker Commecial Ed Schlitt Realtors
772-778-1801
1950 US Highway 1
Vero Beach, FL

Soundview Property Management Inc.
772-234-3005
2061 Indian River Blvd.
Vero Beach, FL

The Promenade
305-374-5455
333 S. Miami Ave., Ste. 150
Miami, FL

Capalbo Rental & Management Corp.
(727) 866-2494
4700 34th Street S
Clearwater, FL

Re/Max Prestige Realty
561-755-3722
301 Clematis Street
West Palm Beach, FL

Adapted From: Commercial Real Estate Investing For Dummies

When you begin your quest for acquiring a commercial property, try to "lead" with a professional property management company — find reputable property management for the type of asset that you're pursuing before you even make offers to purchase. If you can't find experienced and trustworthy property management in that city, don't buy the property. It's that simple.

If you spot any of the following management warning signals, take action immediately:

Your management is failing to manage. You may notice that the management isn't holding the onsite property manager accountable to the expected promises and actions, isn't meeting with the managers consistently, and isn't reading the property reports regularly. You, as the owner, can take action by starting at the top of the food chain. Get the property management company's management in conference immediately. Be very specific about your concerns. Don't depart until solutions have been agreed on and delegated.
Your management often seems to be clueless and is always ineffective at operating the property efficiently. With ineffective management, you'll have higher-than-market vacancies, higher expenses, late property reports, poor communication, and arguments. In the end, you won't have a chance to be profitable. Start interviewing other companies for hire and cut your ties with the current company as quickly as possible.

When hiring professional property management, make sure that the candidate has extensive experience in managing the type of property that you're acquiring.

Your property manager is ripping you off. It's unfortunate but true: Your property manager can steal from you, lie to you, and hide things from you. The consequences of this disrespect can be devastating. How do you spot a thief? Have your finances audited at least once a year. You can also monitor the cash like a hawk by verifying bank deposits and receipts to checks. It's also smart to visually verify completed work and physically verify rented space or units.
You're being managed by your own property. If you're managing a piece of property yourself, it's easy to lose perspective of who you are. When your property begins to run you instead of you running it, you'll start making business decisions based on current circumstances rather than from your set business plan and financial goals. To avoid having your property run you ragged, set appropriate boundaries. Don't take work or your work attitude home. Have a phone dedicated for work and shut it off at quitting time. Have an after-hours service set up or have others on-call for after-hours service calls or for other non-emergencies.
Your property doesn't have a business plan. A business plan guides you and your property in the right direction when it comes to making business decisions. It can help you determine when to study the competition, figure out your property's strengths and weaknesses, and set performance benchmarks that keep other management members on track. If your property doesn't have a business plan, from what basis are you making business decisions?

provided by:

For Dummies is a registered trademark of Wiley Publishing, Inc. in the United States and other countries. Used here by license.

Featured Local Company

Regent Properties

(727) 507-9808
15371 Roosevelt Blvd #107
Clearwater, FL

Read more about Commercial Real Estate Management

- 10 Easy Ways to Update Your Home Florida

Looking to modernize your home to increase its resale value, but not deplete your bank account? Here are 10 easy ways to spruce it up quickly.

- 21 Ways to Enjoy Your New Home Florida
- 5 Tips for an Easy Local Move Florida
- 7 tips to sell your home Florida
- 5 tips to get your home ready for sale Florida
- 5 Home Buying Mistakes Florida
- 8 Reasons to Get Pre-Approved for a Home Loan Florida
- 1031 Exchange Florida
- 5 Useful Tips In Selling House Florida
- 5 Ways to Help Your REALTOR® Florida

Regional Articles

- 21 Ways to Enjoy Your New Home Florida

Move-in day is the perfect time to create some very special memories.

- 5 Home Buying Mistakes Florida
- 10 Easy Ways to Update Your Home Florida
- 5 tips to get your home ready for sale Florida
- 5 Useful Tips In Selling House Florida
- 5 Tips for an Easy Local Move Florida
- 7 tips to sell your home Florida
- 5 Ways to Help Your REALTOR® Florida
- 8 Reasons to Get Pre-Approved for a Home Loan Florida
- 1031 Exchange Florida

Related Local Events

Start Planning for Sarasota International Congress
Dates: 9/24/2009 - 9/24/2009
Location: Hyatt Regency Sarasota
Sarasota, FL
View Details

US Real Estate Expo & Market (USRE Expo)
Dates: 7/31/2009 - 8/1/2009
Location: Sheraton Miami Mart Hotel
Miami, FL
View Details

US Real Estate & Wealth Expo
Dates: 7/31/2009 - 8/1/2009
Location: Miami Mart Airport Hotel & Convention Center
Miami, FL
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History