Property Management: A simple strategy to increase client loyalty Property managers who pro-actively employ advanced techniques to help property owners and anchor tenants reduce operating costs, will most certainly be considered a more valuable business asset. When you can achieve this with lower administrative functions and no out-of-pocket cost to you or your client’s, you’ve created additional benefits.
In
world of commercial and apartment properties there resides a constant un-ending challenge for property owners – As a savvy professional property manager, you have
opportunity to meet this challenge and potentially save your client’s considerable money. The “constant challenge” of course is how to effectively control operating costs and potentially increase
N.O.I. on any commercial or apartment property. These factors are paramount and fundamental to commercial investments and they can weigh heavily on
properties capacity to support preferred level financing as well as future value.
In a professional setting and as an investment property owner and developer, I understand
importance and
impact that effective property management can have on real estate and property owner’s. The outstanding P.M. that pro-actively controls costs is
company that creates ongoing loyalty, gets referred more often and prospers financially. The opposite is also true!
You may not be aware that you have available to you right now, a resource that you can add to your current menu of services that can potentially and very effectively reduce your monthly administrative responsibilities in a specific area of property management and similarly potentially save your property owners hundreds if not thousands of dollars in monthly operating expense.
Every month when you are paying trash waste collection invoices, you are very likely overpaying by 20% to 50% more than you should to have property dumpster trash hauled off. Contract or not, even if you believe you have negotiated cost effective waste contracts for your properties, there is a good chance you’re throwing money away. More important, owners could be throwing away their money.
The waste removal business is a lucrative multi-million dollar industry. They have
opportunity to easily take advantage of customers. Your waste bills can be inflated through many hidden areas such as; excessive pick-up intervals, incorrect container sizing, service levels, fuel service increases/surcharges, landfill increases, hidden extras and so forth. Simply asking a trash hauler to lower their fees for you – won’t work! The potential magnitude of this problem has been
topic in a number of prominent publications.