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How to make your property management business really take off
Create a Win Win for Your Small Business
Discover How Specialized Cost Containment Creates A New Win-Win Position For Property Owner's And You
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 the world of commercial and apartment properties there resides a constant un-ending challenge for property owners - As a savvy professional property manager, you have the opportunity to meet this challenge and potentially save your clients considerable money. The "constant challenge" of course is how to effectively control operating costs and potentially increase the N.O.I. on any commercial or apartment property. These factors are paramount and fundamental to commercial investments and they can weigh heavily on the 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 the importance and the impact that effective property management can have on real estate and property owner's. The outstanding P.M. that pro-actively controls costs is the 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 the 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 the topic in a number of prominent publications.
There is an excellent solution to address this problem which you can use to compliment your current practice. It takes a specialist to analyze waste removal needs, audit statements and negotiate competitive services effectively. Most property owners are not aware that waste service can be competitively open bid out and regularly audited. The only exception would generally be (city contracts) where the property owner is stuck without options. For all others the process of auditing and negotiating waste removal services can potentially save thousands.
Without any added expense or time you can utilize the specialized services and skill of a waste auditing cost containment company to easily and quickly verify the current status of all monthly waste bills, discover how much can be saved, obtain new service bids for any property and have a cost savings audit completed and you can do all of this through the internet with a click of the mouse and no cost. Take a look at (www.wasteauditing.com/commercial).
These specialists fight for commercial property owners like yours In the area of reducing the amounts paid haulers on a monthly basis. They can re-negotiate service contracts, audit bills, handle accounting and many other related services and take over this monthly responsibility. The best part for you and the property owners is that they work on a "shared savings" compensation. There is typically no additional out-of-pocket cost to the property owners or to your company. The money they will save you goes right back to the owners bottom line. An excellent win-win concept that you can provide for your clients with substantial potential savings in cost and a reduction in administrative duties for your company.
About The Author
Gary L. Goldsmith is a veteran real estate professional with 27 years experience and accomplishments. He is past president of a California development corporation, investor principal, builder, commercial finance professional and real estate investment consultant, licensed broker and builder. You can get more useful articles at www.cacommercialmortgage.com, [email protected]
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