Swisher Commercial Newsletter- April 2015

Published: Mon, 04/06/15

Swisher Commercial Newsletter - April 2015
Property Management in Washtenaw County
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Swisher Commercial agents are often asked if we manage property in Michigan. Our initial response is --- YES, we have a long history of managing several types of high profile, non-residential buildings in the Ann Arbor area.

As is often said, "books are written on this subject", but following are some important general considerations for the property owner in his or her quest.
Property Management in Ann Arbor, Chelsea, Dexter, Ypsilanti & Saline 
Our next response usually is, “What type of property are we discussing?”  Is it a house, apartment house, office building, industrial building complex, retail strip center, condominium?  There are of course any number of possibilities and combinations.  Property management companies tend to concentrate or specialize in either residential (apartments or condominiums), retail, industrial, or office management.  We currently offer commercial property management services, which includes retail, industrial and office space.  If you are interested in management for your residential property, we will refer you to a qualified residential property management company.

Property Management Fees & Responsibilities
In return for a management fee based on the amount of time, expense, and other resources required of the manager to oversee operations, the manager will provide the owner full or partial management services, as mutually agreed on by the parties and spelled out in comprehensive detail in the all- important Management Agreement.  The amount of the fee, which is usually paid monthly in arrears, is typically a negotiated percentage of the monthly revenue generated by the property, and can range from around 4% to 6, 7, 8%, or more.

Each project is different, and is considered on its own merits and requirements, as largely determined by information gained from the owner after the following additional qualifying questions are discussed:

1)  Where is the property located (how far from the management office)
Travel time and frequency of property visits need to be considered by the manager.

2)  How many tenants or rental units are there in the property?
The number of units is an indicator of the complexity of the management project.  Will the management company be asked to find tenants for the property (usually for a separate, additional fee)?

READ MORE...
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Meet the Author:             Ron Dankert

Ron has been active in the Ann Arbor real estate business since 1972 and joined Swisher Commercial in 1978. He is a specialist in office and industrial sales and leasing, with substantial experience in the management of multi-tenant Class A office buildings and retail strips.  This experience gives him the added capability of more fully understanding commercial real estate from both landlord and tenant perspectives. Ron is Chairman of the Board and a partner of Swisher Commercial. Read more...

Featured Property

An iconic downtown Chelsea historical landmark, the Clocktower building boasts a completely renovated office and retail complex. Common areas include a fountain, meticulous landscaping, brickwork and a gazebo. Office, retail, and industrial space are now available for lease.

For more information and to set up a showing, please contact Mike Jurgenson (734-222-7522) or Jeff Evans (734-926-0222).


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Swisher represents over 200 properties in Washtenaw County. Search our website or talk to an agent! Call our office at (734) 663-0501.