Focused on greater
Asset Management.
AUM Commercial’s real estate asset management services can be critical for commercial property owners who need assistance in managing their assets effectively. We provide comprehensive real estate asset management services for commercial properties, ensuring that their clients’ investments are managed efficiently and cost-effectively
What we do for you
Property Operations
AUM Commercial provides comprehensive property operations services, including maintenance, repairs, and renovations. They also manage the property’s day-to-day operations, including tenant relations, vendor management, and lease administration.
Portfolio Budgeting and Reporting
AUM Commercial provides budgeting and reporting services to help commercial property owners understand their property’s financial performance. They provide regular financial reports and budgeting projections, so owners can make informed decisions about their property’s financial management
Asset Strategy Development
AUMC will assist in developing asset management strategies, Property owners or investors must first conduct a thorough assessment of their existing assets, identifying areas where improvements can be made and risks can be mitigated. This may involve a detailed analysis of the properties’ financial performance, physical condition, and tenant relationships.
Once the assessment is complete, investors can develop a comprehensive plan that outlines specific steps to improve the properties’ performance, such as increasing occupancy rates, improving rental income, or reducing operating expenses. The plan should also include a timeline for achieving these goals and a system for monitoring progress and making adjustments as needed.
Portfolio Review
Monitoring third-party property managers involves regularly checking in on their activities and holding them accountable for their actions. This can involve reviewing financial reports, inspecting properties, and communicating with tenants to ensure that they’re satisfied with the management services being provided.
By closely monitoring third-party property managers, property owners can ensure that their properties are being well-maintained, that rent is being collected on time, and that any issues are being addressed promptly. It also helps to build a strong relationship with the property manager, which can lead to a more successful and profitable partnership over time.
Leasing Strategy Development
A well-planned commercial lease strategy involves a deep understanding of the business’s space needs, financial constraints, and growth projections. The strategy should consider factors such as location, square footage, and lease term length, as well as the tenant’s ability to negotiate favorable terms.
Development of a commercial lease strategy also requires a thorough understanding of the local real estate market, including the availability of commercial space, prevailing lease rates, and the overall economic climate. This information is critical in developing a strategy that takes advantage of market conditions and optimizes the business’s ability to secure favorable lease terms.
Strategy Execution
Executing the strategy requires careful management and monitoring of the investment, including maintaining the property, managing tenant relationships, and tracking financial performance. Successful execution also involves the ability to adapt to changing market conditions, such as fluctuations in rent rates or shifts in economic trends, and adjust the strategy accordingly.
Effective communication and collaboration with key stakeholders, such as property managers, tenants, and lenders, are also critical to executing a commercial real estate strategy successfully. Regular communication and reporting can help investors stay informed about the performance of their investment and identify areas where adjustments may be needed to stay on track.
Overall, successful execution of a commercial real estate strategy requires a combination of market knowledge, effective management, and a willingness to adapt to changing market conditions. By carefully monitoring their investments and implementing sound strategies, investors can achieve their financial goals and build a profitable portfolio of commercial real estate assets.