If you own commercial property in San Antonio, your portfolio has probably seen better days.
Following years of increases in rents and occupancy, San Antonio commercial real estate has seen a notable and sustained drop on these fronts in 2023, reflecting a statewide trend across Texan cities. You're probably on the hunt for some property management strategies to get your portfolio back on track and performing as it should.
While you cannot change a weak market, you can trust professionals to find you the tenants you need at the price you deserve. Here are some of the different types of professional property management solutions that could raise your passive income in 2024 and beyond.
Marketing Fit for 2024
While demand for rental commercial space is not high, you can generate some of that demand with the right marketing. You can micro-target the most suitable tenants for your property.
You could uncover the messages that will resonate with potential tenants who might be unsure about a return to the office. You could be using new platforms to capture attention from segments of the market you have never reached before.
All of this can be done with help from a professional property management service, that can leverage their marketing tools and in-house expertise for your benefit.
Tenant Management That Reduces Overheads
Your tenants are your main source of overheads, despite being the sole source of your income. By hiring professionals to manage your relationship with your tenants, you can continue to deliver high levels of service without sacrificing your bottom line.
Expert tenant screening can help you get tenants in the building who will pay the rent on time and continue to pay any increases that the future market might demand.
A management service can also mediate any issues with tenants in a way that leads to quick resolutions that don't cost you the earth.
Smarter Property Maintenance
Investment property maintenance is essential. This is how you maintain the value of your property and generate higher returns. By choosing professional commercial property managers, you can get top-tier maintenance for less.
We leverage our strong relationships with local contractors to always get you the best possible price on your service agreements. We can ensure that any upgrades are targeted to extract maximum value, for happier tenants and a happier landlord.
Our accounting experts are also on hand to ensure that any maintenance or upgrades that are eligible for tax relief are filed as such. This is how you grow your investment over time, without sacrificing your liquid assets.
The Best Property Management Solutions in San Antonio, TX
In a challenging market for commercial property, you can no longer rely on your building to generate returns on its own. You need dedicated market professionals who can get the right tenants and maintain high returns.
You need property management solutions you can trust. This is where we come in. At PMI First SA Properties, we are here to help in 2024.
We offer innovative solutions in San Antonio that will get your portfolio performing again. You can even use our Free Rental Analysis to find out exactly how much we can boost your bottom line.
