Are you planning to invest in commercial real estate? Did you know that it involves a lot of critical things to take care of? If this is your first time, it may look a bit overwhelming for you. Hence, hiring a full service commercial real estate firm will help you sail through the process.
What is a full service commercial real estate firm?
A full service commercial real estate firm provides an end-to-end solution in
- Investments
- Sales
- Maintenance
- Leasing
So, it is your one-stop solution for all your worries regarding commercial real estate investment.
When to hire a full service commercial real estate firm?
Think about your need before deciding if you need a full service commercial real estate firm. Do you need to lease up your building's office space? If yes, you can do fine with a broker. But if you need help with investment and to manage the property's everyday functions, then it would be a great idea to hire a full-service commercial real estate firm.
Different services offered by full service commercial real estate firms
Asset management:
Do you want to maximize the performance and value of your assets? Asset management services enable you with a concrete strategy so that you can maximize return on your property at minimum time. Assessment management services include
- Consultation management
- Project leasing
- Property management,
- Project acquisition & disposition
Property management:
Property management can be a tedious task if you need to do it yourself. From rent collections to managing a positive tenant relationship to budgeting and vendor management, there are a lot of things to take care. With a reliable full-service commercial real estate firm by your side, you can be rest assured that everything will be well-taken care of.
Some of the services that come under property management include
- Rent collections
- Risk management
- Vendor management
- Utility cost savings and efficiency
- Quality and cost control
- Lease administration
Client accounting:
Accounting is the most essential and critical aspect of real estate investment. If you're not an accounting expert, you might find it an overwhelming task. But a reliable commercial real estate firm ensures you have easy access to a skilled accounting team. The team will work with property managers to manage all your accounts payable and receivables process.
Most of the groups work with MRI accounting software which will help your annual operating budget. They can also manage yearly reconciliation, cash flow projections, distribution, and so on. Some of the services under client accounting include
- Expense collection
- Monthly variance reports,
- Expense reconciliation,
- Tenant account auditing
Acquisition and disposition:
A full service commercial real estate firm helps with the complete acquisition and disposition services. It can take care of investment properties to maximize the value of your assets.
The services under this segment include
- Property valuation,
- Site selection
- Sales negotiation,
- Financial analysis,
- Pre-diligence assistance,
- Portfolio reviews
Project leasing:
Project leasing is another critical service that is offered by a commercial real estate firm. A good firm will ensure that you get the maximum exposure of your property. Irrespective of the business's nature, project leasing services will include market analysis and project leasing. Did we mention it includes renewals, lease negotiations, lease analysis, too?
Construction management:
Commercial real estate firms are powered with value engineering techniques. Thus it can help you at every step with their innovative construction services. Some of the benefits you can expect are
- Interior design
- Project management
- Ground-up construction
- Feasibility studies
- Cost estimation
Building maintenance:
Maintaining a positive relationship with your tenant is essential. A commercial real estate firm can take care of any maintenance services. The friendly and knowledgeable maintenance team will ensure that everything is taken care of on time. The able building engineers will ensure addressing all issues in a timely manner. They are responsive to tenant service calls and prepare proactive maintenance programs.
Tenant representation:
Commercial lease negotiations might sound easy but might not be your core competency. A competent commercial real estate firm can handle everything on your behalf. Be it tenant representation like lease negotiations, site selection, construction services. We have got your back covered for all.
Benefits of hiring a full service commercial real estate service
The most significant benefit of hiring a full-service commercial real estate firm is you're not hiring just one agent, but you get to work with the firm's experience. Be it helping with leasing out a property or financial advice; you're entitled to all the benefits under one roof.
So are you looking for a competent full-service, Texas real estate firm?
Then look no further, GW Partners is here to solve all your worries related to commercial real estate.
