Industrial properties are very different from residential properties. There is a different set of laws governing industrial properties that do not apply to residential properties. Most real estate dealers are more experienced in dealing with homes, apartments, and residential buildings. They might try to rope in a few industrial buildings into their listings, but most of them would lack the knowledge and expertise to serve the needs of clients who are solely interested in buildings meant for engineering, manufacturing and warehousing. They also may not be aware of the government regulations for factories, warehouses and commercial establishments. Therefore, it is important to choose the right industrial property broking and management company in order to rent or purchase properties for industrial use.
It is essential to look for a commercial property broking company that has a comprehensive database of industrial properties that are available for rent or sale. Representatives from the company should be willing to meet with the client and thoroughly discuss their needs and requirements. Whether the requirement is for purchase, rent or lease, they should have a wide variety of listings that clients can choose from. Some clients could be interested in purchasing vacant plots to build their factory or warehouse. The broking firm should therefore deal with plots as well as finished or semi-finished buildings.
Clients who possess real estate assets and would like to sell, rent or lease them to tenants should also be catered to by the firm. They should have an extensive database of prospective tenants who might be interested in buying or renting the property. The firm should also pre-screen and pre-qualify the tenants and chosen only responsible and dependable ones for their listing. This would put to rest any worries that the client might have about getting proper tenants.
Another important service to look for is periodic rental collection and property maintenance. Many clients with properties may not have the time or resources to periodically collect rent from their tenants or maintain the property on a regular basis. The broking and management firm should preferably handle this task as well. They should promptly collect the rent from the tenants and keep their clients informed about each transaction. They should also make the required payments to municipal authorities, security firms and other services for the upkeep of the property.
These are some of the important properties and services that set apart a good industrial property broking and management company from the rest of the firms.