Management Blog Series #1
Management Blog Series #1
Blog 1: Property Management Insights from an Expert
At the Providence Group, we embrace a traditional approach to property management, with a strong focus on mechanical aspects and building envelope systems. Our strategy revolves around comprehending the property’s key components and implementing preventive maintenance measures to reduce capital costs. For each commercial real estate property, we meticulously consider details such as the selection of the most suitable roofing system, whether it’s a 45mil, 60mil, or even a 90mil option. We also deliberate over choices like whether to use flat or semi-gloss paint and determine the most appropriate LED lighting for a specific property. Adding value to properties is of utmost importance to our team, benefiting both tenants and owners alike.
Our objective is to assess the value and benefits associated with each choice and make informed decisions accordingly, all while sharing our knowledge with others.
In our first blog post, we will delve into the roofing selection process and explain why it’s crucial for property owners to understand it. James McGee emphasized that the first step in this process is understanding your client’s goals. Is it a short-term hold, a long-term investment, or something intended to be passed down through generations? It’s essential to have these answers before making a decision. Additionally, understanding their investment strategy or goals for the property’s future allows us to consult with our research and other experts to evaluate existing conditions and determine the most suitable roofing system.
For instance, the choice between a mechanically fastened system and a ballast system depends on factors like local building codes and the type of purchaser. Generally, codes permit two layers of roofing before requiring a tear-down to the roof structure.
In the case of certain properties, such as grocery stores, it’s usually not advisable to use a mechanically fastened system due to the risk of light debris falling on produce. For a 200,000 square foot industrial property with HVAC systems on the roof and minimal foot traffic, fan fold insulation might be considered. It’s worth noting that traffic on fan fold insulation will impact the roof surface more than ISO board insulation but result in less initial expense.
In our second blog, we will discuss which factors contribute to one paint option being superior to another, and how the selection of paint impacts the value of a property.