What a Commercial Property Manager Does
A commercial property manager handles the day-to-day operations of a commercial property — tenant relations, maintenance coordination, rent collection, CAM reconciliation, vendor management, lease administration, and financial reporting. For NNN properties, property management is minimal (tenant handles everything), but for multi-tenant or landlord-responsible properties, professional management is essential.
Key Responsibilities
- Collect rent and manage receivables
- Coordinate maintenance and vendor contracts
- Handle tenant communications and issues
- Manage CAM reconciliations and pass-throughs
- Prepare monthly financial reports
- Administer leases and manage renewals
When You Need One
After acquiring a commercial property with active operations. For NNN-leased single-tenant properties, this is often unnecessary.
Typical Cost
Typically 3-6% of gross collected rent, plus leasing commissions on new deals and renewals.
How MaxLife Works With Them
MaxLife Development provides commercial property management services across Central Florida for owners who want hands-on local oversight of their assets.