16A — February 13 - 26, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
P roperty M anagement
heldon Gross Realty has a long and estab- lished track record in By Sheldon Gross, Sheldon Gross Realty, Inc. Excellent property management can lead to better occupancy and retention rates S
leased properties sometimes have a tendency to overlook the way their space is being main- tained by the tenant, but this can come back to haunt them in the future. Net leased buildings place a lot of regular maintenance responsibilities on the tenant’s plate—things that are tradi- tionally the responsibility of the landlord or owner in other buildings. In these scenarios, the property management team needs to be much more hands- on and proactive on behalf of the landlords. An effective property management team for
these types of properties must work harder and smarter to make sure each lessee is per- forming all their obligations. To save owners time and money, the best property man- agers send a team to every property on a monthly basis to ensure each and every ten- ant is maintaining its space in accordance to the lease and to the satisfaction of the building owner. And, because all leases are unique, they need to be carefully monitored. Monthly inspections, review of lease obligations, maintenance and insurance policies need to be monitored on a continual basis. The best property managers will offer tips to reduce energy use and costs through things such as lighting upgrades, alternate energy sources and recycled materials. When these issues are targeted on a fre- quent basis, the end result is a win-win situation for all involved. In single-tenanted buildings, one of the most common mis- takes of building owners is not monitoring the maintenance of the HVAC systems as well as the roofs, gutters, drains and downspouts. What owners do not realize is that when the ten- ants are responsible for paying for repairs to these items, they do not always maintain them properly. In every property management assignment we undertake, the first thing we do is inspect the HVAC, roof, gutters, drains and downspouts to make sure they are all func- tioning properly. Making sure these systems are maintained properly avoids the owner having to replace them in the long run. Another great advantage with a local property manager is that many local vendors are used for repairs, maintenance and tenant improvement work resulting in faster and less ex- pense for the property. Sheldon Gross’ current prop- erty management portfolio con- sists of multi and single tenant buildings as small as 10,000 s/f to as large as 135,000 s/f. With 50 plus years of experi- ence in the commercial real estate business, Sheldon Gross Realty prides itself on their multi-generational family par- ticipation, long term employees and clients that were once the children of the owners. We look forward to every new assign- ment, managing each property as if it was one of our own! n
affords Sheldon Gross Realty the high percentage of repeat and new business in the prop- erty management sector. In today’s marketplace, property managers are increasingly be- coming a more valuable, and essential part of the real estate operation. By utilizing some proven, old-fashioned tech- niques, as well as embracing innovations and technology, property managers can offer landlords and tenants greater satisfaction, which will in turn enhance leasing success and bottom line performance. Landlords and owners of net
said Sheldon Gross , president and CEO of Sheldon Gross Realty, Inc. “We take a very hands-on approach to property management. There is a team assigned to every property we manage, visiting the property and ensuring that tenants are maintaining their space in ac- cordance with their leases. It is the attention to detail and high standards of professionalism that continues to differentiate our firm in the marketplace.” Coupling the firm’s tenant relationships with new tech- nology and relating that to the needs of owners and tenants,
the property management industry and c o n t i n u e s t o e x p a n d its property management division. “Our firm h a s b e e n
Sheldon Gross
highly successful in the prop- erty management sector, with a 96% occupancy rate and an im- pressive tenant retention rate at the facilities we manage,”
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