I am a Property Manager of a few Office and Retail Projects each around 45,000 sf each and beleive that a strong daily (or multiple times per week) presence at the properties is an invaluable Asset you can offer as a Management Company. I drive by our properties daily and meet tenants/vendors when there are repairs, concerns, property damage, etc. I also have our day-porters (folks that pick up trash daily) in close communication with me to report abandoned cars, property damage, suspicious activity, etc. The tenant and landlord will have alot of comfort in knowing that you are watching over the property daily and as if you owned it. I however am a small company; so, think a once per week walk of the property by the Manager or Maintenance Personel is adequate. As for a comprehensive building inspection, i'd say once every five years; or at the time you re-finance. I hope you find this information helpful.
Mar 29, 2010