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Commercial Real Estate in Key West & the Florida Keys by RE/MAXCommercial Real Estate in Key West & the Florida Keys by RE/MAX

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Three Reasons To Hire A Property Management Company

If you own commercial property that deals with tenants, or are thinking of buying a commercial property that deals with tenants, hiring a commercial property manager can save you a lot of time, hassle, and potentially money. Particularly if you own multiple commercial properties, it can be difficult to keep up with all of them in a timely fashion and make sure your properties and tenants are given the attention that they deserve. In an area where commercial property rentals are competitive, you must be sure to provide top notch customer service to keep your tenants happy and your income stable. Hiring the right commercial property management company is a way to address this important facet of commercial investment.

Three Reasons To Hire A Property Management Company

  • The can conduct market studies of your area
  • They deal with litigation of delinquent tenants
  • They handle complaints and schedule maintenance

Market studies are beneficial to help you get maximize your income while minimizing your vacancy rates. Basically, it’s keeping a close eye on your competitors – what amenities do they offer and what do they charge for them? It’s a very delicate balance and can change constantly, so taking that investigative work off your plate may save you a tremendous amount of time and worry (Not to worry money from excessive vacancies). A good property management company will be in contact with you frequently about local market studies and what’s going on with your main competitors, which allows you to make adjustments accordingly.

Dealing with delinquent tenants is not a fun part of commercial property ownership – but it is an aspect that must be dealt with quickly, professionally, and legally. Evicting delinquent tenants is actually a very involved legal process, and hiring a commercial property ,management company to take care of that is worth the money. They file the correct legal paperwork in the court system, can show up on your behalf at court dates, keep detailed records of interactions and attempts to contact tenants, etc. A good management company will also be able to head off evictions before it gets to that point by having strong negotiation skills and an ability to work with people and make certain adjustments to tenants who are struggling, which will only serve all of you well in the long run.

When you have a large commercial property or multiple commercial properties, scheduling maintenance and handling complaints can be an arduous, never-ending task. From leaky faucets to non-functional electrical outlets, your property management company will handle these calls and send qualified individuals to fix the issue, if needed.  They will also handle things like yearly fire inspections, health department inspections if needed, and keep a record of these inspections on your behalf. This will save you a lot of time and give you peace of mind.

 

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Newest Key West Commercial Properties on the Market

Built in 2007, this commercial, mixed-use property is situated on White Street off of Elgin Lane very close to Eaton Street and minutes to the Historic Seaport. The current commercial tenant is using the office space for chiropractor services. As you enter the front door, the current layout is as follows. A waiting area and enclosed front desk greet you. To the left of the waiting area is a private windowed office. As you continue into the space there is a treatment room to the right and a supply room to the left. Either of those rooms could easily be transformed into another office. Further on there is an efficiency style kitchen and an ADA compliant bathroom. A set of floating desks lies beside the kitchenette. There is the possibility here for 4 offices and a floating workspace. The property offers 3 off-street parking spaces for the business including an ADA compliant spot in the back of the building.  A private entrance in the rear of the building will lead you up a flight of stairs to the two one-bedroom, one bath units. Each unit offers a small kitchen and loft area. These apartments are in the affordable rental pool. ($1,600 each per month) Great place to live and work! $1,150,000 Active

412 White Street 101 KEY WEST, Florida

2 Beds 3 Baths 1,513 SqFt

Ideal Small Commercial Space for Lease in Old Town.  Excellent location next to the laundry mat on the corner of Eaton and Elizabeth Street's. Perfect for small retailer or business professional with approximately 500sq.ft. of space and street visibility. $2,950 Active

627 Eaton Street down KEY WEST, Florida

1 Baths 500 SqFt

Perfect private office space with windows available for lease office 214 is approx. ~162sf, perfect for two+ desk. Join the friendly business environment catering to a diversity of local small business owners located the 626 Josephine Parker Office Suites in Old Town Key West. Common area breakroom & restrooms, electric and water included. Sales tax is in addition to the monthly rent quoted. Parking is assignable and $150 in addition to rent each month. $1,000 Active

626 Josephine Parker Drive 214 KEY WEST, Florida

2 Baths 162 SqFt

Very rare opportunity to own a piece of Key West History! The iconic Coffee Mill in Old Town, Key West is one of the most recognizable buildings on the island. Built prior to 1907, the property was home to an active coffee bean processing plant until the 1950's. In recent years, the building was famously home to one of Key West's most popular dance studios -- and now is being used as a holistic medicine and wellness center. The current owners have done extensive renovations to update the space to today's standards while maintaining many of the historical features of the property. Updates include a complete modernization of the electrical and plumbing systems, new central A/C and ductwork, masterful restoration of the original hardwood floors, and the construction of private treatment rooms and a business office -- all while preserving the original exterior and character of the building. Additional features include multiple skylights, a period correct metal shingle roof, beautiful historic arched transom windows salvaged from Henry Flagler's Casa Marina hotel, and an updated bathroom. The property is up to current building code and ADA compliant, and was awarded a Ceramic Star for historic preservation and a Certificate of Excellence by The Historic Florida Keys Foundation. The Coffee Mill has been a staple in Old Town for over 100 years and continues to be an important part of the historic district. Commemorating its roots, a section of the milling equipment has been preserved and is on display in the main room of the Mill. Located just steps from world famous Duval Street and walking or biking distance to the island's best restaurants, shopping, and galleries. If you're looking for a space that's as unique as Key West itself, look no further than the iconic Coffee Mill. Easy to show! $1,000,000 Active

916 Pohalski Street KEY WEST, Florida

1 Baths 1,256 SqFt

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Posted in: Business Solutions, Buying Commercial Real Estate, Landlord Rights, Leasing Commercial Real Estate, Lodging, Owning a Business, Renting Commercial Real Estate Tagged: benefits of having a commercial property manager, benefits of having a commercial property mnagement company, commercial property management company

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Key West Office

RE/MAX ALL KEYS REAL ESTATE
305-296-1400 Office

Business Address:
517 Duval St Suite 200, Key West, FL 33040

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Key Largo Office

RE/MAX ALL KEYS REAL ESTATE
305-451-0060 Office

Business Address:
98880 Overseas Hwy, Key Largo, FL 33037

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Miami Office

RE/MAX Advance Realty
305-444-7111 Office

Business Address:
7220 Red Rd., South Miami, FL 33143

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33040, 33043, 33042, 33050, 33036, 33037
Key West, Stock Island, Big Pine Keys, Marathon, Islamorada, Key Largo

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