Neil Walter Company - Tips to manage your Real Estate

PRLog (Press Release) – Apr 03, 2008 – Tip#1, Proper Lease Administration

One of the most important tips of real estate management and maximization of real estate value is proper lease administration. The only way to ensure that leases are being enforced is to complete a thorough lease review and lease abstract. Each lease is reviewed with emphasis placed on tenant/owner options, common area maintenance expenses, billing procedures and the pass-through of expense stops or expense base years.

Tip#2, Seek Overall Tenant Satisfaction

Operating a property effectively and efficiently is one of Neil Walter Company's greatest strengths. It is vital to the success of the property and overall tenant satisfaction. NWC has developed policies and procedures that streamline administration, guarantee smooth facility operations and often reduce expenses for the owner and tenants.

Tip#3, Continuous communication with maintenance, tenants and vendors.

Neil Walter Company ensures consistent and well-managed operations by continually communicating with maintenance personnel, tracking tenant calls and providing follow-up, and completing thorough lease reviews and procedures. NWC also manages and often reduces expenses by taking advantage of strong vendor relationships, conducting annual tax reviews and appeals, and investigating risk management expenses and alternatives.

Tip#4, Have it managed professionally, monitored correctly, and completed within an acceptable cost structure.


Neil Walter Company currently manages over 2,500,000 square feet of commercial real estate in Tacoma, Lakewood, Gig Harbor, Puyallup, Port Orchard, Fife and Kitsap, enabling strong relationships with local vendors in place, as well as a good understanding of market costs and the impacts of these costs relative to Tenant Lease agreements. Neil Walter Company will work to ensure that the required services are implemented in a professional manner, monitored correctly, and completed within an acceptable cost structure.

Neil Walter Company prides itself on tenant relations and its efforts to reduce downtime and capital expenses while increasing the performance of the property. To meet our commitment to quality tenant relations, our entire office is focused on servicing tenants in each of the properties we manage.

NWC's commitment to every project is dedicated local real estate services. In addition to the company's focus on property management and marketing, project management and construction management experience is also available should these services be needed.

Since 1995, NWC has completed over $100,000,000 in sales transactions in the South Puget Sound area and is currently involved in marketing approximately 5,000,000 square feet of existing projects with overall occupancy exceeding 90 percent. Neil Walter Company has also been involved in the development of over 2,000,000 square feet of buildings in the same area, with value in excess of $90 million.

Based on this experience, it is safe to say that any project we encounter will be professionally managed utilizing proven business principles and practices.

Neil Walter Company provides a full range of services including commercial real estate leasing/sales, tenant representation, property management, investment analysis, project management, Seattle Commercial Real Estate, Commercial Property Consultants, Real Estate Investment Analysis and Commercial Real Estate Brokerage. You can contact Neil Walter Company at http://www.neilwalter.com for more tips to manage your Real Estate.