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You are here: Home / Construction Management / The critical role of construction in property management

By Reuben Walker

The critical role of construction in property management

Image of David Seip of CAM Contracting during commercial build-out for PIne Castle Christian Academy in Orlando, FL.

Construction is more important than you think

If you own a commercial building or complex, you are either managing it yourself or have a property manager. So you know there are many responsibilities and tasks associated with managing your property. But you may have never thought about the role of construction in property management. This post takes a look and gets you up to speed on what you need to know about this important aspect of the job.

Definition of property management

According to Wikipedia, it is:

“the operation, control, and oversight of real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and be held accountable for its useful life and condition.

Property management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition.”

How does construction fit into property management?

Construction has several roles to play.

Repairs

Repairs are mostly self-evident. They involve fixing things that are broken through misuse. A window broken by a baseball is a good example. Simple repairs may be carried out by an onsite employee. But more extensive ones may be handled by a third-party. Say if someone drives a car through your front entrance.

Maintenance

Many times an onsite employee will provide maintenance. But it can be more efficient and less costly to contract it out in other circumstances.

Routine maintenance involves the day to day upkeep of your property to keep it functional. Replacing loose fasteners on railings, fencing, steps, or deck planks are examples. Recaulking older windows is another.

Preventive maintenance is a proactive service to avoid unnecessary repairs. Regular inspections and service prolong the useful life of your assets. It is also an important part of maintaining the safety of your property.

Capital Improvements

Capital improvements are a different thing altogether. They are almost always carried out by a third-party. According to Investopedia they are:

“the addition of a permanent structural improvement or the restoration of some aspect of a property that will either enhance the property’s overall value or increases its useful life. Although the scale of the capital improvement can vary, capital improvements can be made by both individual homeowners and large-scale property owners.”

They also have very different tax implications.

The components of your property eventually wear out and have to be replaced. Replacement is necessary even if they have been properly maintained. Technology also changes and requires upgrading or installation of new systems and components. New regulations from government also require additions to or adaptations of your property and its constituent parts. You might even have to carry out upgrades just to stay competitive.

Replacing old windows with new energy-conserving ones is an example of a capital improvement.

Image of awning replacement by CAM Contracting of Orlando, FL.

Experience counts

You know that you can’t be an expert in every area of responsibility that is involved with property management. That’s why it is important to have partners you can trust and that have the experience you need for third-party services.

When it comes to construction in property management, a financially-sound contractor with experience in capital improvements is a smart option. This role is more complicated and challenging than repairs or maintenance. It also requires outstanding project management and communication skills from your partner.

You need one who can work hand-in-glove with you, your architect, designer, and local regulatory officials. You want a teammate that can help you implement your management plan and advise you on it.

Here is a previous post that looks at what is involved with capital improvements in detail. And another with an in-depth look at a particular project. You can also view extensive photos of the project.

Conclusion

As you can see the role of construction in property management is vital to the success and profitability of your property.

The key is having the right general contractor to partner with for this crucial aspect of the job. It is important to have someone who can understand you, your business or property, and its mission and culture. You need someone you can count on to provide quality, safety, and avoidance of future problems.

When it comes time to choose a property management construction partner, choose CAM Contracting.

Filed Under: Construction Management Tagged With: Capital Improvements, Maintenance, Property management, Repairs

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CAM Contracting gave us 100% satisfaction and more! They bid on target, arrived when they said they would, completed the job a day early, and cleaned up thoroughly (even a mess on the side that we had left). The "and more" was Dave Seip going to 5 different places to secure a hard-to-find item because of the age of our home. What we made a fiasco, they turned into a job VERY well done. Thanks CAM!
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I am an architect and developer in the Central Florida area and have worked with CAM Contracting on multiple projects in the past.   I have found them to be dependable and cost effective. I have recommended CAM Contracting to my clients in the past and will continue to do so in the future. Sincerely,
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Michael Joiner, President
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I have had the pleasure to know David Seip for over ten years. Initially, we worked as colleagues at the same company.   As we progressed in our own respected aspects as contractors we worked as separate entities together on the same projects. Empire Construction has hired CAM Contracting for several projects and we feel that CAM Contracting is a stellar organization priding themselves on not only speed but accuracy in completing a project. I have met and worked with many types of businessmen over the years from developers and investors to sub-contractors. I have found many to be less in substance than they profess to be in words. David Seip is an honest, upstanding businessman and an excellent General Contractor. It is our belief that CAM Contracting would be a wise choice if you want your project to be completed on time and within your budgetary restrictions. Feel free to contact me personally if you have further questions. Sincerely,
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If you are looking for a reliable and honest contractor, look no further than CAM Contracting, LLC! Dave Seip, the owner, uses the highest quality of professionalism, materials, and sub-contractors to insure a superb job without the inflated cost. We had CAM Contracting install wood flooring throughout our house, including our staircase. Due to poor construction from the original builder, each stair was a different width and depth. Although the job was very tedious, Dave and his sub-contractor, also named Dave, took the time to measure each stair and the results are not only amazing but beautiful as well. I highly recommend CAM Contracting! Sincerely,
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Tracey Meikle

Thank you so much for taking care of all the things that needed fixing at our house. Replacing the ballast in the kitchen lights, replacing a leaky valve, replacing part of the flooring, installing flood lights, de-gunking and painting the patio floor...whew, so much needed to be done. You did an efficient, clean, and excellent job! We will definitely use your services again and recommend CAM Contracting to others!
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