Crunkleton Promotes Lauren Plott To Property Manager

Crunkleton Commercial Real Estate is excited to announce that Lauren Plott has been promoted to Property Manager!

In her four years working at Crunkleton, she has served as the Office Manager and assisted with all property management tasks. In her new role, she will continue to build tenant relations by making monthly phone calls with tenants, visiting properties, and working with clients to manage assets.

Lauren Plott Property Manager

“I want our clients to know Crunkleton has their needs in mind and that we are there to make sure problems are solved,” said Lauren. “We aim to go above and beyond as a property management service and create positive connections that help businesses thrive.”

Crunkleton offers full-service property management for all sectors of commercial real estate. Lauren will manage a diverse portfolio consisting of retail, office, medical, and industrial properties and focus on delivering first-class service.

“Crunkleton strives for a high level of professionalism; that carries over to our property management,” said Wesley Crunkleton, Principal. “I’m confident that Lauren will continue to provide quality service and deliver the attention needed to ensure our clients’ assets are being properly managed.”

Lauren volunteering at Lincoln Village Ministry with the Crunkleton team.

When Lauren isn’t busy at Crunkleton, she volunteers her time as a member of the Carillon Club and Valley Presbyterian Church where her husband, William, is the Senior Pastor. She also beams when talking about her three children, Hunter (21), Bradley (18), and Catherine (13). Her free time is spent attending their many activities and enjoying time together as a family.

To learn more about Crunkleton’s Property Management services, click here.

 You can contact Lauren by email at lauren@crunkletonassociates.com, or give her a call at 256-536-8809.

SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

haley_clemons_signature
haley_square
HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

Advertisements

When Is It Time To Hire A Property Manager?

You’ve noticed something unsettling. The number of vacancies in your property investment is growing, and it’s becoming a challenge to bring quality tenants to occupy your space.

Over the years, you’ve watched thriving tenants retire or outgrow their accommodations. But something has changed. Tenants are flocking to other properties and leaving your investment behind. What’s happening? And what can you do to attract new tenants, keep the ones you have, and market your property effectively?

It might be time to hire a property manager.

What can a property manager do for you?

Simply put, a property manager will do everything they can to help you fully maximize your investment. Your property should be making you money—that’s the bottom line. And having an advocate take care of the day-to-day management of your property could be the difference in reaching your full income potential, or having opportunities fall through the cracks.

So, what can property managers do to help you achieve your ideal investment outcome? Here are just a few of the many ways you can benefit:

  • Stabilizing and reducing operating expenses
  • Implementing tenant retention programs
  • Proactively applying Risk Management programs to protect assets
  • Serving as your support when negotiating service rates
  • Regular inspections of the property
  • Ensuring quality lease terms and conditions
  • Monitoring construction supervision
  • And much more

What are the signs you could benefit from property management?

Many property owners effectively manage their own properties. But when is it time to look into hiring a commercial property management team? Do a quick assessment.

Lack of time – It’s a simple question. Do you have time to execute all of the necessary property management duties without sacrificing quality service or your personal life? If you are managing several properties at once, a property manager can help you by taking care of the daily tasks that can consume your time.

A property manager can handle screening tenants, listening to tenant complaints, ensure tenant safety, and deal with any after-hours emergencies that need immediate attention. This frees up your time to focus on the things that matter to you.

Outdated understanding of the industry – Staying current with industry trends is a must. There is a constant need to be updated on the latest changes that occur in the insurance industry and legal system to safeguard your investment.

Property management teams can make sure that Risk Management programs remain current and effective. They can also enforce tenant obligations, collect delinquent rent and be there for you during difficult legal processes. It’s a welcomed weight off your shoulders.

Several vacancies within properties – Property management teams can help fill troublesome vacancies by utilizing their network of agents and marketing professionals to increase occupancy and improve tenant retention.

Furthermore, they can complete regular site visits, property assessments, and help negotiate the best terms and conditions for all of your leases. This builds a solid foundation of communication and trust with each tenant you manage.

You want more insight throughout the construction process – Supervising the flow of an entire construction process takes knowledge, dedication, and attention to detail. These are all things a property manager can offer. Handing over the reins to a skilled team can free up your time and minimize your stress because they can handle any challenges that arise and monitor from the pre-design stage all the way through construction.

You need assistance when handling income/operating expenses – It’s about more than managing a property, it’s about managing your assets. Part of the property management service is keeping a detailed record for the operation of the property.

Managers can help with your annual operating budget and stabilize operating costs, financial reporting, and account management. They can make sure that you aren’t paying more than you need to be, and help you navigate through the complex and confusing red tape.

The decision to hire a property manager is a personal one, but one worth looking into. When it comes to property management, what matters most to you? Let us know in the comments.

Interested in learning more about how Crunkleton can help manage your property? Click here to download the guide.

 SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

haley_clemons_signature
haley_square
HALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

The Power Of An Integrated Team: When Leasing And Management Combine

Page_Partnerships

As experienced landlords and developers ourselves, we’ve learned first hand that the best way to get the most out of a real estate asset is through an integrated approach to leasing and property management.

Often, when the leasing arm and the property management arm of an investment property are provided by two separate entities, the lines of communication between the two can become strained and break down, causing disruptions to the synergy of the asset itself and a loss in profits for the ownership.

Here are three benefits to think about when looking at your next leasing representative and property management firm, and why you might consider choosing a company that can provide all your needs under one roof:

Management and Leasing in Partnership

shutterstock_154071242When located in the same office, the property manager and the leasing broker can communicate quickly and efficiently about which deals are in the process of being worked for the center, who the potential tenants they’re pursuing are and what each of them is actively doing to promote the investment property.  All while making sure that the owner’s goals and expectations for the property are staying first and foremost in every decision that is made.

This stream of constant communication provides the property manager with current, up to the moment details on the status of the asset, which they can utilize when evaluating the best possible course of action for managing the property and discussing options with the ownership.

Leasing With Insight

business-tipsWhen property management and leasing are combined, it also allows brokers to have a more holistic understanding of that individual property’s needs.

With this more complete understanding, brokers can more accurately structure deals to calculate for TI, commissions, rent levels, and concessions that will ensure that the landlord’s financial expectations for the asset are being met.

Leasing With Accountability

Maxim_35-resized-600.jpgWhen the leasing duties for a property are handled by an outside firm, separate from the property management company, that agency is often out of the picture once the lease has been signed.

However, when the two services of leasing and property management are combined, the property management team now has to manage whatever deal was completed by the leasing team.

This means that not only is the leasing team even more motivated to fight for quality leases on your behalf, but that they will be held accountable to then show that the right deals were made because now the management team has to manage that deal.

This also eliminates any possible finger pointing by the leasing team or property management team for who may be at fault when potential problems arise at the property.

What This Means For You

000005140727xsmall-resized-600.jpgThe bottom line for you as an investment property owner is the knowledge that your asset will be taken care of through its full life cycle, leased and managed cohesively together to ensure the integrity and value of the property from both a property management standpoint and from a leasing standpoint all under one roof.


Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!
404220_10150473102152791_1516819070_n
Kadie_Sig
MARKETING COORDINATOR
CRUNKLETON: COMMERCIAL REAL ESTATE GROUP
KADIE@CRUNKLETONASSOCIATES.COM

The Top 6 Reasons to Hire a Commercial Property Management Team

commercialpropertymanagement

We meet property owners all the time who ask us just why they should invest in hiring a property management team. So, here is C&A’s “Top 6 List.” Our top 6 reasons to invest in a great property management team:

1) Experience
Right off the bat, it’s likely that, unless you’ve been around the block a time or two, a trained commercial property management team is going to have more experience with what it takes to successfully manage your investment property simply because it’s what they do, full-time, 24/7. Not only do they have the first hand experience of successfully managing other commercial investment properties, they also have hours and hours of rigorous training, testing and certifications on how to do that job to the very best of their ability.

2) Market Knowledge
As a property management team, it’s our job to stay in tune with the market and know what’s going on in the area. This way we can help suggest how to best position your property for success.

3) Communication
Unless running your investment property is your full-time job, chances are that you are a busy person with other things to do than answer tenant phone calls at all hours of the day, phone in work orders, negotiate with vendors, compile annual property reports for shareholder meetings, and connect with your tenants in a meaningful way that will build trust, help maximize tenant satisfaction and boost overall tenant retention.

4) Troubleshooting
Again, this is what our property management team does for a living. We are skilled at dealing with any situation that arises quickly, effectively and cost efficiently, while at the same time making sure to conduct ourselves in a professional manner that gives both the tenant and property owners the respect they deserve.

5) Maximized Returns
The number one goal of our property management team is to help you maximize your return on your investment. This means we will do more than just building maintenance; we are trained to streamline your operations and take them and your ROI to the next level.

6) Protect Your Investment
Just like a new mother wouldn’t hand over her newborn baby to just anyone, our property management team is here to help you protect your investment and care for it as if it was our own. Our team is built around a core structure of individuals who have had personal experience as investment property owners themselves and gone through rigorous professional training to make sure they can protect every investment property we handle as if it was their own.

So, if you own a commercial investment property and you’re curious to learn more about what a property management team could do for your ROI, make sure to contact us at info@crunkletonassociates.com!

SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

404220_10150473102152791_1516819070_nKadie_Sig
KADIE PANGBURN
MARKETING COORDINATOR
CRUNKLETON & ASSOCIATES
KADIE@CRUNKLETONASSOCIATES.COM