Commercial Property Manager Question/Advice

Commercial Property Manager Question/Advice

Residential Real Estate Broker · Irvine, CA · Member since 2016 · 4 posts · 2 votes

Hi,

Thanks in advance for any suggestions you have to my question.

I'm from California and currently own multiple residential real estate investments locally. I am a licensed real estate broker and manage all my properties. I am in contract for my first commercial property in Reno Nevada. The property is a single building, single tenant NNN lease.

My question is do you think its necessary to hire a property manager for this property?

Being new to commercial and NNN leases, I'm not sure how to gauge the amount of work that is needed by the landlord in a NNN lease situation. Added to that, the property is out of state so being "hands on" isn't really an option.

The lease stipulates the landlord is responsible for the walls and everything outside the walls except for the glass. Additionally the landlord is responsible for the heating and AC unit.

Any suggestions or words of wisdom would be greatly appreciated!

Thank you!

Darren 

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  • Rental Property Investor · San Jose, CA · Member since 2020 · 1 post · 0 votes
    6y

    @Darren Ito

    Hi Darren, did yoh purchase the property? And what’s your experience has been like? Is it doable without a property manager?

  • Nathan GesnerBusiness Member
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    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    6y

    It's usually not necessary. Commercial tenants tend to have long-term leases and they take care of all the maintenance. Your only responsibility is to collect rent, occasionally inspect the property, and renegotiate the contract when the time comes.

    Then again, it all depends on how free you want to be.

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