The well-maintained property has many positive effects for the investor, their tenants, and customers. Adding value can increase rental income while increasing equity upon re-sale. Without a property manager or a lack of transparency with a property manager, this can undoubtedly begin to affect the look of the property. Visible trash, overgrown vegetation, HVAC issues, pest control issues, recurring leaks, worn paint, visible rust, and mold, etc. all play a huge part in rental income and overall equity.
If you or any of your clients would like direction on how to add value to commercial property and are interested in having a quick discussion, reach out anytime.
Coatue Companies is here to help…always, in all-ways.