Residential vs. Commercial Property Management: What You Need to Know

Property management isn’t one-size-fits-all. Residential and commercial properties come with unique challenges and requirements. Here’s a breakdown of the key differences and what you need to know:

Residential Property Management

Residential properties include single-family homes, apartments, and condos. Managing these properties focuses on:

• Tenant Relationships: Building strong relationships with tenants to ensure satisfaction and long-term tenancy.

• Lease Agreements: Typically shorter leases (1-2 years) with a focus on tenant rights and responsibilities.

• Maintenance: Regular upkeep to ensure the property remains habitable and appealing.

  
  

Commercial Property Management

Commercial properties, such as office spaces, retail stores, and industrial buildings, require a different approach:

• Lease Terms: Longer leases (5-10 years) with detailed terms about property use and maintenance.

• Specialized Maintenance: Commercial properties often require specialized systems like HVAC, elevators, and security.

• Zoning and Compliance: Strict adherence to local zoning laws and regulations.

At Marsik, we have the expertise to manage both residential and commercial properties, ensuring your investment is in capable hands.