3 of the Biggest Pain Points of Commercial Property Management

Managing a property can be an incredibly demanding task, requiring a constant balancing act between several different priorities. For many property managers, the daily workload can quickly become overwhelming. At EpiCity, we understand the pain points of commercial property management all too well.

Below are the top three most stressful aspects of property management, along with solutions to handling them with ease.

Collecting Rent Payments for Commercial Property Management

Collecting rent payments from tenants can be one of the more challenging aspects of commercial property management. Dealing with late payments or even non-payment is often time consuming and frustrating for both you and your tenants. We strongly recommend leveraging technology—in particular, an online portal—to make this process easier for everyone involved. With an online portal in place, tenants can instantly pay their monthly rent in one spot. It also allows property managers to keep tabs on who has and hasn’t submitted their payments. Organizing your tenants’ financial information and payment history in the online portal alleviates the administrative burden of rent collection. It also lets you take a huge step toward strengthening your due diligence.

Managing Repairs and Maintenance Requests

Another obstacle for many property owners is promptly managing repairs that come down the road. Repair requests can come in at any time and often require immediate attention. The key is having an extensive network of reliable contractors so you can be prepared for any situation. Reliable contractors should get the job done quickly, efficiently, and at a reasonable price point. This list of contacts can be difficult to build from the ground up, especially for new property owners. At EpiCity, we have almost ninety years’ worth of experience and connections in the Atlanta area. We work side-by-side with our asset management and property management clients so they can tackle even the most complicated maintenance requests with the utmost confidence and trust.

Tackling Idiosyncratic Property Management Issues

From upgrading amenities and raising rent to minimizing maintenance costs and enhancing tenant retention, every property possesses unique needs and challenges. To reach your investment’s maximum potential, businesses or property owners must implement an individualized commercial property management plan.

Our asset management team at EpiCity has worked with properties of all kinds—from distressed properties to luxury properties—all of which have different issues and goals. We have the real-life experience and skills necessary to analyze the problems at hand while formulating actionable short-term and long-term solutions.

The Big Takeaway

Commercial property management is no small task and can easily get unnecessarily taxing when the proper measures aren’t put into place at the right time. With a hands-on, seasoned team like EpiCity by your side, you can rest assured that your property—no matter what state it’s in—is being taken care of around the clock. If you’re interested in working with our team to elevate your property, please don’t hesitate to give us a call at 770-457-2300 (ext. 1), email us at Info@EpiCity.com, or visit our contact form.

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