Ongoing Information and Education Series Highlighted Key Things to Look for in a Commercial/MFR Property Manager
BALTIMORE, MD, November 12, 2021 /24-7PressRelease/ — MH Properties, provider of premier property management in Baltimore, held another successful event, in its Inform and Educate series recently. The 3-hour session, delivered to an invite-only audience, was conducted at the company’s Baltimore headquarters, and life-streamed to remote participants.
In his presentation to the panel, company Founder and CEO, Allan Meseroll, outlined some unique ways that an experienced commercial/MFR property manager in Baltimore must assist their clients:
“Your property management partner must understand why you invested in rental property – it’s because you expect a better ROI than other investment opportunities. At MH Properties, our strategic advisory experts provide you with invaluable advice on maximizing monthly rent, and sound recommendations on enhancing property values.”
Mr. Meseroll also highlighted the need for regular communication between property managers and commercial rental property investment clients. She stressed that this allows investors to have a snapshot of the profitability of their investments. Important facets of such communication should include:
– regular financial reporting
– periodic investment analyses
– operational metrics, such as occupancy and vacancy rates, rent collections and delinquencies, upcoming lease expirations
With economies across Maryland, and especially in Baltimore’s Bay area, picking up, Mr. Meseroll, offered some insight into some best practices for Bay property management in Baltimore.
“When looking for a good commercial/MFR property manager in Baltimore’s Bay area, it’s not enough to vet them only for operational suitability. While that’s important, Bay commercial property owners and investors have many other needs that only a handful of property management companies in Baltimore offer – and it’s vital to do your diligence for those skills before signing a contract.”
Mr. Meseroll listed a host of such services that investors should evaluate and question prospective property management partners about, including:
– Financial underwriting
– MFD inspections and compliance
– Lead certs/ inspections
– Vendor management
– Utility reimbursement and monitoring
– Additional income stream analysis
“Don’t forget to ask about their inputs on Investor management platforms. Specifically, whether you can have multiple owners in the same project, and their use of specially designed software.”
In concluding the session, Mr. Meseroll encouraged participants to connect with his team if they wish to work with a provider of premier property management in Baltimore.
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