Ah, that new space smell. You know, that feeling when you, a new tenant, walk into your newly leased space and see the emptiness, the possibility in the air, the ideas springing onto the plain white walls and metal warehouse enclosures.
Just look here, at this flex space at 18397 NE 4 Court. What could this room someday be? Leading to a warehouse, it could be an office. A few wooden oak desks along the floor, employees sitting happily working through the day. Or it could be a break room — a coffee machine in the corner, a water tank bubbling, and a microwave beeping with someone’s hot lunch. The possibilities are endless!
Warehouse space can just give you the chills (and that cold concrete floor doesn’t help!). Look at the potential here — you could store a million things, house dozens of pieces of equipment. Surprise! This is the same space as above, at 18397 NE 4 Court, and we bet you couldn’t even tell, could you? What other surprises hide in every open space? Doors could lead to anywhere: warehouse rooms, office rooms, flex space. It’s up to you to make them your own.
It’s never enough, if you’re really passionate about advancing your business, to remember it all or do it all on your own. Especially when you’re starting out in a business like property management, it’s impossible to just wing it and hope for the best. That’s why we at Genet Property Group are big proponents of brushing up on key literature that can refresh your memory or teach you something new about the work you do. Earlier, we recommended a book by Brandon and Heather Turner titled “The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits.” While their book was more focused on a personal approach to finding tenants, there are others out there that can benefit you by providing a broader base of knowledge on property management.
With finances in mind, Ken McElroy’s book “The ABCs of Property Management: What You Need to Know to Maximize Your Money Now,” is a great read (well, if you really enjoy reading about your work) that also offers suggestions and templates for property management. Ken McElroy has over 26 years of experience in property management, and while his success far surpasses that of a regular old Joe looking to get into renting property, he still provides tips that a beginner or a veteran in the business can use. And if the “key to success” in McElroy’s professional life is truly, as the book says, property management, then you can be sure his suggestions will be worthwhile.
We post a good number of key tips and suggestions to the Genet Property Group blog space—information for lessees about organizing a space or keeping it tidy, literature recommendations for other property managers, and even the occasional post touting our successes. Often these tips are geared at a certain group of readers, either lessees or property managers, and not usually both at the same time. So, we thought, how about a tip that speaks to both of these groups, while also showcasing an interesting and successful aspect of Genet Property Group? Sounds great! The tip? Work together and build relationships.
Genet Property Group is so successful because we not only support our lessees and their businesses, but we build relationships and partnerships with other companies to create mutually beneficial agreements. Important, whatever your business is, is finding clients, and keeping those clients happy with ease of operation. How do you do that as a property manager? Team up with other businesses that can benefit your lessees and your own company—get letters of endorsement. On the Genet Property Group website, we present different testimonials from tenants and vendors that show we are a company that values those who deal with us. From Nobel Van Lines to Atmos, to Levy Realty and Synergy Dynamics, and last but not least the Law Office of Jay L. Fabrikant, P.A, our tenants and partners in business show that we care about supporting local business not only by providing space for their work, storage, and flexibility, but also by becoming their clients when GPG may be in need of services that a company offers. By building these relationships and endorsements, we ensure the success of our business as well as yours.
Helping a prospective lessee view your space—whether it be commercial or residential—is important for not only securing them as a future lessee, but also for showing your dedication to the upkeep and presentation of your property. If a lessee knows you care about a property they will care as well. As technology advances, new ways of showing property develop. Back in the old, old days you could only take a lessee right through the door to see a space. Then came photos, and then videos (some of which you can see from Genet Property Group right here). With the recent introduction of virtual reality into mainstream life, a new opportunity has arisen for showing off a space in total without even needing to bring a prospective lessee to the physical location (think about the possibilities for clients who might be looking to move from a location further away!). Even though virtual reality might seem impossible to implement at this time, or in need of expensive equipment, there are a few tools for achieving a VR-like presentation of your property using only a smartphone!
While it’s still not quite simple to create a VR-style video—one for which someone can put on a headset and walk around—it is very easy to take a photo that showcases an entire room from one perspective, requiring only that someone either scroll on their computer or move their head through a headset. Using the iPhone and Android app “Google Street View,” you can take a “Photo Sphere,” turning your phone around in place to snap pictures of an entire room. You can see an example of one here! These pictures then join together to create a single, circular shot of the entire room, much like a flattened out globe. When viewed through the app with a VR-headset, however, it’s as if you’re standing in the spot the picture was taken.
While it may take a while, and might be a bit confusing, it is an interesting way to show off a specific property for a potential lessee who may ask for a view. So, the next time someone asks for a peek, let them know how up-to-date your property management team is and try something new.