When a Building Changes Hands: What a Property Manager Needs to Know

When a building changes ownership, there are certain things a property manager can do to make the transition a smooth one. Here are just a few:

1. Find out where the important documents are. Getting and keeping organized is key to being productive. Learning where important documents, such as leases, contracts and billing records are kept is a good first step.
2. Learn more about what your facility does. Cultivating a foundational knowledge of what those in your building do will help you understand the basic operations of the facility.
3. Make safety and security a top priority. Keeping everyone in your building safe and secure is one of the property manager’s top priorities. It’s important to work closely with the current facility manager and contract cleaning company to ensure everyone is on board with the best safety procedures.
4. Assess the quality of the contractors. Are the tenants in the building satisfied with the cleanliness of the building? Do the grounds and landscaping always look their best? Now is the time to consider new services if the quality is lacking. 
5. Address any ownership concerns: vendors, tenants, etc. Keep an open and transparent relationship with owners regarding vendors, tenants and contractors. Make sure to address any lingering concerns.
6. Build relationships with the tenants. Tenants generally don’t like change unless its welcome and needed, so building and keeping good relationships are important now and down the road.

At 4M, we help to make the change of hands transitions easy and seamless. It’s just another way we deliver the best, innovative, safe and sustainable cleaning and service solutions for your business. To learn more, give us a call or CLICK HERE to contact us.