A well-managed property is the key to maximizing value in any market. Pacifica’s real estate property management philosophy is the same, whether it be for a portfolio property or a third-party property managed account: we operate and manage every property from an owner’s perspective. Our knowledge as an experienced building owner gives us a unique point of view as a property manager. We know how to optimize a property’s net operating income to grow cash flow, property value, and return on invested capital.
One of the hallmarks of our real estate property management company’s success as a manager is our ability to minimize tenant rollover. Tenant rollover represents a major capital cost to every landlord. We place great importance on maintaining excellent tenant relationships in all Pacifica-managed properties. We have a unique, proactive approach to every property. In many cases, we have been able to retain tenants well beyond their initial lease terms. Thereby, minimizing the high cost of securing replacement tenants. We strive to hold tenant move-outs to a minimum, yet we are adept at managing the relationship between retaining the current in-place income or making an additional investment in a new tenant.