The "small shop that could" probably best describes the Property Management Group at Wakota Commercial Advisors. Mike Lauen and Rick Ducharme have some of the deepest property and facility management experience in the Twin Cities real estate market. From small exurban real estate outposts to CDB high-rises, from historic old warehouses to modern healthcare facilities, there is hardly a commercial real estate circumstance unfamiliar to them.
At Wakota Property Management Group, the following are standard procedure:
- Comprehensive analysis of all physical and fiscal components of the property/asset
- Thorough and frequent building inspection and property survey
- Develop and maintain strong tenant relations for expanding long-term occupancy
- Review and refine all vendor contracts and maintenance services
- Detailed survey and knowledge of the subject real estate sub-market
- Evaluate property rent roll and vacant space for leasing/marketing potential
- Comprehensive lease analysis to verify terms, rents, recoveries, etc.
- Review property operating expenses for cost control and savings
- Establish propertyoperating policies/procedures (especially security, and fire/life-safety)
- Design property-specific leasing /marketing strategies and execute with urgency
- Comprehensive and timely accounting and financial reports
- Develop and diligently pursue value enhancement strategies consistent with owner objectives
If your real estate asset is not currently being managed to these standards, perhaps it is time to reconsider your management team. As we enter the next phase of economic recovery, Wakota Property Management Group is prepared with a service platform that combines exceptional commercial real estate knowledge, skill and experience with energetic client service that is focused, agile and incredibly diligent.
