Real Estate Tips - Advice Article

How Cost Containment Creates a Win Win for you

Property Management: A simple strategy to increase client loyalty

Property managers who pro-actively employ advanced techniques to
help property owners and anchor tenants reduce operating costs, will
most certainly be considered a more valuable business asset. When
you can achieve this with lower administrative functions and no
out-of-pocket cost to you or your client’s, you’ve created
additional benefits.

In the world of commercial and apartment properties there resides
a constant un-ending challenge for property owners – As a savvy
professional property manager, you have the opportunity to meet
this challenge and potentially save your client’s considerable money.
The “constant challenge” of course is how to effectively control
operating costs and potentially increase the N.O.I. on any commercial
or apartment property. These factors are paramount and fundamental
to commercial investments and they can weigh heavily on the properties
capacity to support preferred level financing as well as future value.

In a professional setting and as an investment property owner and
developer, I understand the importance and the impact that effective
property management can have on real estate and property owner’s.
The outstanding P.M. that pro-actively controls costs is the company
that creates ongoing loyalty, gets referred more often and prospers
financially. The opposite is also true!

You may not be aware that you have available to you right now,
a resource that you can add to your current menu of services that can
potentially and very effectively reduce your monthly administrative
responsibilities in a specific area of property management and similarly
potentially save your property owners hundreds if not thousands of
dollars in monthly operating expense.

Every month when you are paying trash waste collection invoices, you
are very likely overpaying by 20% to 50% more than you should to have
property dumpster trash hauled off. Contract or not, even if you believe
you have negotiated cost effective waste contracts for your properties,
there is a good chance you’re throwing money away. More important,
owners could be throwing away their money.



The waste removal business is a lucrative multi-million dollar industry.
They have the opportunity to easily take advantage of customers. Your
waste bills can be inflated through many hidden areas such as; excessive
pick-up intervals, incorrect container sizing, service levels, fuel service
increases/surcharges, landfill increases, hidden extras and so forth.
Simply asking a trash hauler to lower their fees for you – won’t work!
The potential magnitude of this problem has been the topic in a number
of prominent publications.

There is an excellent solution to address this problem which you can
use to compliment your current practice. It takes a specialist to analyze
waste removal needs, audit statements and negotiate competitive services
effectively. Most property owners are not aware that waste service can
be competitively open bid out and regularly audited. The only exception
would generally be (city contracts) where the property owner is stuck
without options. For all others the process of auditing and negotiating
waste removal services can potentially save thousands.

Without any added expense or time you can utilize the specialized
services and skill of a waste auditing cost containment company to
easily and quickly verify the current status of all monthly waste bills,
discover how much can be saved, obtain new service bids for any
property and have a cost savings audit completed and you can do
all of this through the internet with a click of the mouse and
no cost. Take a look at (www.wasteauditing.com/commercial).

These specialists fight for commercial property owners like yours
In the area of reducing the amounts paid haulers on a monthly basis.
They can re-negotiate service contracts, audit bills, handle accounting
and many other related services and take over this monthly responsibility.
The best part for you and the property owners is that they work on a
“shared savings” compensation. There is typically no additional
out-of-pocket cost to the property owners or to your company. The
money they will save you goes right back to the owners bottom line.
An excellent win-win concept that you can provide for your clients
with substantial potential savings in cost and a reduction in administrative
duties for your company.

Gary L. Goldsmith is a veteran real estate professional with 27 years experience and accomplishments. He is past president of a California development corporation, investor principal, builder, commercial finance professional and real estate investment consultant, licensed broker and builder. You can get more useful articles at www.cacommercialmortgage.com.

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