Arrow Manages this building located at 7373 Kirkwood Court in Maple Grove!!!

 

 

 

 

 

 

 

 

Do you own income property, or are you looking to invest in one? Managing an income property can be financially rewarding, but it can also be very time consuming. Hiring a property manager enables you to easily delegate the many tasks of property management. There are many day to day duties and responsibilities of managing income property; here are the many benefits that come with hiring a professional property management company:

Collecting and depositing monthly rent payments: Property management companies have efficient processes to effectively collect rent payments on time. This is extremely important for any property owner, as it allows the building to cash flow properly. In the unfortunate event that a tenant is late on a rent payment the property management company will have the skills necessary to remedy the situation in a professional and legal manner.

Entering and paying incoming bills: Insurance, lawn care, phones, elevator maintenance— These are some of the many bills that an income property will incur. A property management company will efficiently and effectively insure these bills are paid on time.

Creating annual operating budgets: Budgets are created by a property manager. They typically include any expected expenses for the year. These may include: snow removal, janitorial, and internet services, property taxes, insurance and many more. These budgets are also a guide in determining CAM rates for commercial properties with NNN leases.

Financial record keeping: Property management companies will keep a detailed record of the properties financial information. Quick Books is a quick and easy tool that many property managers use. This system can generate simple up-to-date financial reports which are easy for any landlord to access/view.

Managing vendor relationships: Property management companies have a network of vendors that would be difficult to have as a landlord. These networks allow the properties to get the best price for quality work, and aid in reducing the properties operating expenses.

Ensuring that you’re in compliance property laws: There are many local, state and federal laws and regulations when renting and maintaining income properties. Property management companies help avoid lawsuits by staying compliant with these laws and regulations.

Maintaining tenant relationships: In addition to rent collection, property management companies will maintain a positive and professional relationship with the tenants. Property managers will resolve day-to-day and emergency maintenance issues, routinely inspect spaces, and manage any conflict resolution situations that may arise.

Provide on-call property maintenance/personnel: Imagine it is Wednesday night at 11:00pm, and your phone rings. It is your fire protection company calling because the alarms are going off at your building. When you hire a property management company these types of issues no longer need to be your issue at odd hours of the day!

Maintaining the overall appearance of the property: Think about your home— weeds seem to grow faster than you can pick them, and if you have children the toys end up on the floor faster than you can put them away, right?!?! Worrying about the appearance of your income property can easily be resolved when hiring a property management company.

Maximizing the profitability of your time and money: The typical property management company charges a percentage of your property’s monthly income. For commercial building this rate is usually 4-5% of gross rents. Managing an income property is a full time job. By hiring skilled professionals to manage your property, it not only is the most cost efficient, but also the most time efficient. It will give you more time to further your investment portfolio, career or any other pass time you may enjoy!!!

If you think hiring a property management company may be for you Arrow Companies can help! Property management is one of our core services. We will insure your property is managed to the highest standards. Our extensive portfolio and many years of property management experience enable us to gauge commercial trends and successfully promote and manage various properties. Our professional property management team is extremely organized and detail-oriented, constantly seeking new solutions and learning new technologies to enhance every service we offer. We will work closely with banks and third parties to carry out property management services. We also offer an outstanding team with the resources to fill vacant spaces and keep every tenant happy. Contact us today to take advantage of our property management services!

Posted in: commercial real estate, property management, Real Estate Tips,
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Arrow Companies is all about combining things, whether it’s our blend of small-business customer service with big-business projects or our mix of commercial, residential and construction capabilities. Our company itself is a combination of Arrow Real Estate Corporation and Arrow Contracting, Inc.

In the spirit of combination, our beautiful new website joins user-friendly navigation with responsive design, allowing each page to resize and reformat for computers, tablets and smartphones.

Whether your business needs an office space or your family needs a home, Arrow can make it happen on-time and on-budget. Based in Maple Grove, our team of Brokers, Realtors and Property Managers offers a wealth of experience, regional market knowledge and excellent customer service skills to ensure your needs are met quickly and easily.

Commercial Real Estate
Starting with two brokers back in 2004, selling and leasing office, retail and industrial real estate throughout Minneapolis-St. Paul is still our bread and butter. Check out Arrow’s commercial listings page to view our featured properties and view our portfolio page for a list of our sold and leased properties.

Our full-service commercial real estate capabilities include Buyer & Seller Tenant RepresentationSeller & Landlord Representation and Property Management.

Residential Real Estate
For customers looking to buy a home, our Realtors will help you find the right home in the right neighborhood for the right price. For customers looking to sell their home, we will get your listing in front of the appropriate buyers and sold in no time. Check out our residential listings to see the homes we’re currently selling.

General Contracting
As the final piece to Arrow Companies’ puzzle, we offer general contracting from land development to tenant improvements to build-to-suit construction. Check out our current and completed contracting projects throughout the Minneapolis-St. Paul Metro area.

Still not convinced? Read a few testimonials to hear what our clients have to say about our commercial, residential and construction services. We hope you enjoy our new website and decide to choose Arrow Companies for a bull’s-eye on your next project!

Posted in: commercial real estate, customer service, general contractor, land development, new website, property management, residential real estate, responsive design,
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It’s been a productive third quarter of 2015 for Arrow Companies, as we have been busy representing buyers, sellers, tenants and landlords across Minneapolis-St. Paul. Here’s a quick snapshot of our commercial real estate activity from July to September as well as some of our current listings for sale and lease.

Buyer Representation
Arrow helped Raven Investments purchase buildings at 12435 Northdale Blvd in Rogers and 12117 Riverwood Drive in Burnsville, the Burnsville property selling for $1.75 million. Arrow also helped a group of investors purchase 124 Rum River Drive in Princeton and helped another group purchase 9380 Central Ave in Blaine for $3.57 million. Arrow Companies is now managing the Blaine property.

Seller Representation
Moving on to selling, Arrow helped sell 1301 Greenwood Court in Shakopee, 13025 George Weber Drive in Rogers to Arcas Technology and 9122 Cottonwood Lane in Maple Grove to Home Rehab, LLC.

Tenant Representation
Arrow kept busy during the third quarter of 2015 assisting tenants throughout Minneapolis-St. Paul. Arrow helped Day Treatment move into office spaces in Sartell and Princeton and another tenant move into a new office space in Alexandria. Arrow also helped Dental Technology lease space in Fridley, Zanasi USA lease space at the 5 Star Commerce Center I in Maple Grove and Mad Kiwi lease space at 2001 Annapolis Lane in Plymouth.

Landlord Representation
Arrow was also active in the landlord category, leasing space at 9040 Quaday Ave in Otsego to the Assurance Group and 21840 Industrial Court in Rogers to Regency Home Health Care.

New Listings
In addition to our third quarter commercial real estate activity, Arrow Companies is currently leasing and selling a number of beautiful office, retail and industrial properties in great locations throughout the Twin Cities. These listings include:

  • 20950 Rogers Drive, Rogers (retail for sale)
  • 7201 Bass Lake Road, Crystal (retail for sale)
  • 21390 John Milless Drive, Rogers (restaurant for sale)
  • Great River Centre, Otsego (land for sale)
  • 9380 Central Ave, Blaine (office for lease)
  • 10700 Hwy 55, Plymouth (office for lease)
  • 8351 Elm Creek Blvd, Maple Grove (office/retail for sublease)

Posted in: commercial real estate, customer service, property management,
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