5 Ways to Make Your Parking Lot Safe
Your property’s parking lot is quite possibly the most underestimated threat to your commercial facility’s budget and appeal—not to mention safety of your clients, visitors or guests.
Resources, education and tools from MCS to help manage and preserve assets across
the Commercial, Single-Family Rental and Property Preservation industries.
Your property’s parking lot is quite possibly the most underestimated threat to your commercial facility’s budget and appeal—not to mention safety of your clients, visitors or guests.
Managing multiple residential investment properties requires strong local partners. Property services providers are key to keeping your assets in good quality condition. This means shorter vacancies, local code compliance and potential financial savings realized from regular maintenance.
For mortgage servicers, preservation services are critical to ensuring the properties you are responsible for are preserved and maintained in a manner that complies with regulatory requirements and local code compliance, but finding a provider that checks all the boxes on your needs list can be challenging. After all, you’re entrusting them with a lot, from securing the property, removing any debris, conducting regular lawn maintenance and winterizing when necessary.
As fast as the SFR industry has grown in just the past few years, it has been a challenge for owners and operators to have all the knowledge, skills, manpower, and bandwidth to handle the many facets required to successfully grow and operate a profitable portfolio, whether it’s 10 properties or 10,000. Some investors may be great at financial analysis and modeling, while others have experience in construction or development. Then there are those with a property management, maintenance, operational or leasing background. Others may have all of the areas of expertise at the corporate level, but need partners to implement at the local market and property level across the entire lifecycle of a home.
Whether you’re assessing your current property preservation provider or are in the market for a new one, it’s important to consider your choice from all angles — from the core preservation services you need to expectations regarding specialized services, the customer experience and your field partner’s ability to truly innovate and help solve problems. Consider these five questions to help you choose the right provider.