You’re in New York and your portfolio of properties spans both U.S. coastlines. How can you possibly manage property maintenance and day porter services remotely? The answer is a national maintenance service provider. Follow these three guidelines and managing nationwide property maintenance will become easier.
First, take detailed stock of your property’s goals.
As Kenny Rogers’s said in The Gambler, “you need to know when to hold them and know when to fold them.” What do you intend for your property? Are you holding and collecting income, refurbishing, selling, or demolishing? The tactics you choose for maintenance will be directly related to what you want to achieve in the end. Investing in major equipment for the long haul or simply protecting the property with secure fencing and perimeter lighting are very different approaches. Are you renovating the exterior and using day porter services to make the property attractive to potential buyers and/or tenants? In the end, bluffing your way through can prove costly. Take a look at the hand you were dealt and in this case, count your chips while at the table.
Second, obtain a partner that has resources in all locales, but can manage from one location. Do you need snow removal in Boise and window boarding in Miami? A national provider utilizes a network of skilled local contractors and can manage multiple providers, dramatically reducing the time you would spend finding qualified professional contractors, following up, and confirming the completion of your project. Furthermore, a national provider eliminates the need to track down insurance certificates, licenses and other documentation from local providers. Select a company that is familiar with your industry sector (mortgage, REITs, Receivership, etc.). Your service provider should know more than just plumbing. They should understand the financial and trend data that impacts your business daily.
Lastly, simplify your communication and billing with just one, national resource. Insist on detailed reports and photographs before/after each assignment. There is time and cost saving advantages to having invoices in a single format with only one W-9 to concern yourself with. Accessible online reports, invoices and photos available in real time are one hallmark of a national operation. Review their portfolio of experience and make sure they have expertise in all aspects of maintenance, inspection and repair. National maintenance managers and customer service professionals should have a broad range of experiences in countless property situations and will more than likely have dealt with your concern countless times through their career.
What you may now have discovered is that a national provider offering commercial property maintenance, preservation and day porter services is the answer to managing multiple properties in remote geographic locations. Simplify your life by having a single go to source to provide services anywhere in the U.S. vs. searching for unfamiliar, untested, and often unreliable, resources in each individual locale. Don’t gamble with your distantly located properties, the risk is too high. For more information visit www.commercialpreservation.com or call (800) 445-0640.
Emmanuel Pratt’s mission to turn blight into farms and to grow entrepreneurs
/in Uncategorized(Reprinted from Chicago Tribune Blue Sky Innovation)
That will change if Emmanuel Pratt has anything to say about it. He envisions a network of urban farms across Chicago, feeding both people and new businesses in blighted food deserts.
He says his facility, run by the Sweetwater Foundation in conjunction with Chicago State University, is an incubator for all the elements that need to grow to make this happen. Chicago State calls it the Aquaponics Facility for its emphasis on the food-processing system that combines aquaculture (raising aquatic organisms) and hydroponics (growing plants in water).
For the Rest of the story click here
CAP adding to national sales team
/in UncategorizedNational Sales Executive
Pay Grade
National Sales Executive
Salary plus Commission
Department
Manager
Sales and Marketing
President & COO
Job Summary
Responsible for creating new business opportunities for Commercial Asset Preservation (CAP). Responsible for developing strong industry connections to help identify prospective clients. Responsible for communication with potential clients from prospecting to sales closing and beyond. Responsible for showcasing the value that CAP brings to the potential client. Directly assist in facilitating strong communication between client and CAP.
Primary Responsibilities & Duties
· Utilizes personal or CAP’s existing relationships to facilitate introductions to potential clients
· Identifies business opportunities by locating prospects and evaluating their position in the industry; researching and analyzing sales options
· Sells products by establishing contact and developing relationships with prospects; recommending solutions
· Prospects for potential clients, including cold calling
· Submits sales materials, including customized drafted letters/emails to prospects
· Conducts sales presentations via web or in person
· Conducts organized follow up with prospective clients
· Attends industry tradeshows and represents CAP at company trade booth
· Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies
· Recommends changes in products, service, and policy by evaluating results and competitive developments
· Provides weekly sales report to President/COO
Skills & Qualifications
· Strong grasp of proper English, spelling, and written sentence structure
· Ability to express ideas clearly in oral communications
· Exceptional listening skills
· Ability to perform basic math skills
· Experienced with selling services
· Established relationships in selling services to banks, mortgage companies, special servicers, receivers, or retailers
· Ability to manage time and expenses
· Ability to work independently
· Self-Motivated
· Composed
· Professional
· Social/outgoing
· Ability to uncover client pain and sell pain based value
· Ability to navigate Microsoft Office Applications
· Strong working knowledge of the use of Microsoft PowerPoint
· Willingness to be coached on a regular basis
· Willingness to frequently travel throughout the United States
· Bachelors degree preferred
Contact Marc Insul insulm@commercialpreservation.com or (800) 445-0640
What is so magical about the Abandoned Building Revitalization Act?
/in Uncategorized(Reprinted from Charleston City Paper)
On June 11, 2013, Gov. Nikki Haley handed owners of abandoned buildings a magic wand when she signed into law the most powerful incentive for neighborhood revitalization that South Carolina has ever seen. It’s called the Abandoned Building Revitalization Act (ABRA), and its passage was an initiative of the Palmetto Trust for Historic Preservation, the statewide partner of the National Trust for Historic Preservation. The act was supported by a coalition of preservationists, community activists, fire and police departments, and elected officials, including Mayor Joseph P. Riley Jr.
For the rest of the story, click here.
Frozen Properties?
/in UncategorizedIf the number of problem properties is too overwhelming, let CAP help. Please contact me to assist with properties which need any of the following services:
Marc Insul
President & COO
Commercial Asset Preservation, LLC
Phone (216) 765-1220
Mobile (216) 470-9035
insulm@commercialpreservation.com
www.commercialpreservation.com
MBA released our third quarter commercial/multifamily mortgage debt outstanding report
/in UncategorizedTo see the full report free, click here
3 Basic Tips to Prepare for a CRE Emergency
/in Uncategorized1. Know your property and its environment.
Do you have a detailed list of all tenants, what they do in your buildings, and what potentially flammable materials they retain? What are the most common hazards you might encounter at this property: frequent storms, nearby hazardous industries, high-crime? Are there unique features of your property that make emergency mitigation delayed or difficult? (e.g. access, frequent flooding, limited parking for emergency vehicles).
See the entire article here
1. Know your property and its environment.
Do you have a detailed list of all tenants, what they do in your buildings, and what potentially flammable materials they retain? What are the most common hazards you might encounter at this property: frequent storms, nearby hazardous industries, high-crime? Are there unique features of your property that make emergency mitigation delayed or difficult? (e.g. access, frequent flooding, limited parking for emergency vehicles).
– See more at: http://blog.thebrokerlist.com/3-basic-tips-to-prepare-for-a-cre-emergency/#sthash.pCC65sI8.dpuf
RPT-Struggling U.S. cities hope small projects yield big results
/in UncategorizedReprinted from Reuters
By Mary Wisniewski
Nov 9 (Reuters) – Struggling U.S. Rust Belt cities for years have tried to counter the loss of manufacturing jobs with big, expensive projects like casinos and stadiums.
For cities such as Gary, Indiana; Flint, Michigan; and Youngstown, Ohio, these projects brought hope and headlines. Some delivered new revenue, but others brought new costs and mixed results.
Gary’s underused Genesis Convention Center, for example, cost the city $3.6 million in repairs and operations in the past year alone.
Now, Gary Mayor Karen Freeman-Wilson and civic leaders of some other blighted cities are going small with strategic, narrowly focused ideas such as selling vacant homes for $1, demolishing derelict buildings and neighborhood clean-up projects that produce immediate results.
To view the full article, please click here
RPT-Struggling U.S. cities hope small projects yield big results
/in UncategorizedReprinted from Reuters
By Mary Wisniewski
Nov 9 (Reuters) – Struggling U.S. Rust Belt cities for years have tried to counter the loss of manufacturing jobs with big, expensive projects like casinos and stadiums.
For cities such as Gary, Indiana; Flint, Michigan; and Youngstown, Ohio, these projects brought hope and headlines. Some delivered new revenue, but others brought new costs and mixed results.
Gary’s underused Genesis Convention Center, for example, cost the city $3.6 million in repairs and operations in the past year alone.
Now, Gary Mayor Karen Freeman-Wilson and civic leaders of some other blighted cities are going small with strategic, narrowly focused ideas such as selling vacant homes for $1, demolishing derelict buildings and neighborhood clean-up projects that produce immediate results.
To view the full article, please click here
Blighted Cities Prefer Razing to Rebuilding
/in UncategorizedReprinted from New Your Times Online
BALTIMORE — Shivihah Smith’s East Baltimore neighborhood, where he lives with his mother and grandmother, is disappearing. The block one over is gone. A dozen rowhouses on an adjacent block were removed one afternoon last year. And on the corner a few weeks ago, a pair of houses that were damaged by fire collapsed. The city bulldozed those and two others, leaving scavengers to pick through the debris for bits of metal and copper wire.
To see the full article, click here.
Efficiency of one-stop maintenance shopping
/in UncategorizedYou’re in New York and your portfolio of properties spans both U.S. coastlines. How can you possibly manage property maintenance and day porter services remotely? The answer is a national maintenance service provider. Follow these three guidelines and managing nationwide property maintenance will become easier.
First, take detailed stock of your property’s goals.
As Kenny Rogers’s said in The Gambler, “you need to know when to hold them and know when to fold them.” What do you intend for your property? Are you holding and collecting income, refurbishing, selling, or demolishing? The tactics you choose for maintenance will be directly related to what you want to achieve in the end. Investing in major equipment for the long haul or simply protecting the property with secure fencing and perimeter lighting are very different approaches. Are you renovating the exterior and using day porter services to make the property attractive to potential buyers and/or tenants? In the end, bluffing your way through can prove costly. Take a look at the hand you were dealt and in this case, count your chips while at the table.
Second, obtain a partner that has resources in all locales, but can manage from one location. Do you need snow removal in Boise and window boarding in Miami? A national provider utilizes a network of skilled local contractors and can manage multiple providers, dramatically reducing the time you would spend finding qualified professional contractors, following up, and confirming the completion of your project. Furthermore, a national provider eliminates the need to track down insurance certificates, licenses and other documentation from local providers. Select a company that is familiar with your industry sector (mortgage, REITs, Receivership, etc.). Your service provider should know more than just plumbing. They should understand the financial and trend data that impacts your business daily.
Lastly, simplify your communication and billing with just one, national resource. Insist on detailed reports and photographs before/after each assignment. There is time and cost saving advantages to having invoices in a single format with only one W-9 to concern yourself with. Accessible online reports, invoices and photos available in real time are one hallmark of a national operation. Review their portfolio of experience and make sure they have expertise in all aspects of maintenance, inspection and repair. National maintenance managers and customer service professionals should have a broad range of experiences in countless property situations and will more than likely have dealt with your concern countless times through their career.
What you may now have discovered is that a national provider offering commercial property maintenance, preservation and day porter services is the answer to managing multiple properties in remote geographic locations. Simplify your life by having a single go to source to provide services anywhere in the U.S. vs. searching for unfamiliar, untested, and often unreliable, resources in each individual locale. Don’t gamble with your distantly located properties, the risk is too high. For more information visit www.commercialpreservation.com or call (800) 445-0640.