As a business owner, your commercial space can make or break your livelihood. This is why it’s essential to find the right commercial property management company. If this is your first time renting property for your business, you might have some questions about the process. By doing your research and talking to multiple management companies, you can find the right team to work with while gaining a better understanding of the logistics. 

Answering Your Commercial Property Management Questions

How do you vet commercial tenants?

The vetting process for commercial tenants is similar to that of residential tenants, with some additional details. A potential property manager will likely ask you for proof of income, a business license, and other forms of identification. This proof of income can include bank statements and tax returns, and a manager may ask for more than one type. They may also ask you for a detailed business plan, to ensure that your business is serious enough to require a rental space. 

What is common policy for handling property emergencies?

As a business owner, you want to ensure that your commercial space is in top condition. If your power goes out, a plumbing problem occurs, or your refrigeration system breaks, it’s essential that you get it up and running as soon as possible. This is why most commercial property managers have a large staff of electricians, plumbers, and other professionals on call to handle these issues. The manager will likely give you a number to call for general maintenance and another to call for emergencies. By calling the emergency number, you should be able to access a professional 24/7.

Do business owners take care of their own insurance?

Most of the time, business owners will need property insurance and general liability insurance before renting a building. A property manager will go over what other insurance policies they require, and this may be present in the lease. Many companies will check that tenants have worker’s compensation insurance and insurance for any special machinery. These laws can vary by state, so be sure to get your insurance in order before beginning operation. 

Ready to learn more about renting a commercial property? The team at Crest Commercial Realty provides the commercial property management services you can trust. Located in Centerville, OH, their team has over 50 years of experience in the industry. You can expect individual attention and exemplary customer service. Their team of agents can also help you find the ideal space for your business. To view a full list of services, visit them online. You can also call (937) 222-1600 to speak with a member of their team today.