Selecting a Commercial Property Manager

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Selecting a Commercial Property Manager
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• Investing in real estate can be a worthwhile
  decision, but recouping the most money from your
  investment means knowing how to best manage the
  property. Often, when it comes to investing in
  commercial real estate in Edmonton, investors are
  employed in other areas and aren't able, nor do
  they have the experience, to manage their
  investments in the way that's required to draw
  real value.

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• Are you currently looking into commercial
  property management in Edmonton? Investors should
  make note of the following tips for selecting the
  right company for the job. These are some of the
  tasks that any great property manager will be
  able and willing to do for you

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Know Relevant Laws Concerning Real Estate

• A great property manager will be up to date in
  the latest laws concerning commercial real
  estate. They will ensure your property is
  compliant with all relevant laws.

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Be Aware of Competitors' Rental Rates

• A reputable property manager will also be in
  tune with what similar properties are charging
  for rent in your area, and will be willing to
  take steps to ensure you continue to charge
  competitive rental rates.

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Can Collect Rents for You

• Any company that's worth their weight will use
  a proven system to collect rents from your
  tenants and will be able to deposit them into
  your account. This is important, as tenants can
  sometimes be late to pay, which can affect your
  cash flow.

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Be Thorough When it Comes to Maintenance

• In order to recoup the most value from your
  investment, you need a property manager that is
  diligent about inspecting the property,
  addressing issues promptly and takes proactive
  measures to prevent the need for costly repairs
  in the future.

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Know How to Draw Retain Occupants

• Whether they use proven marketing strategies or
  have a tried and tested approach that helps
  retain occupants, you need a manager that knows
  how to attract and keep tenants. After all, you
  need tenants to make money!

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Play a Role in Financial Management

• Trained and experienced property managers will
  also be able to provide input as far as the
  management of your property's finances go. It is
  well worth the fee you pay, when you find someone
  who knows how to properly manage finances and
  extract as much value as possible.

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• If you live in the Edmonton area and are
  looking for an experienced property manager who's
  equipped with the knowledge and skills to help
  you realize your commercial property investment
  goals, look no further than Group Three Property
  Management.
• http//www.groupthree.ca/