Sandpoint Commercial Property Management

Knowledge of the local market is critical in determining the rental rates. We utilize data, including current rental rates and listings of comparable properties, to estimate the most probable price at which a property will lease (market value). Key features and characteristics of Sandpoint area properties comparable to the property, both negative and positive, will be analyzed and taken into account by our team.

Sandpoint Property Management Inc., (SPM) maintains a database of local rental rates and leases for commercial space in Bonner County including data for property that is not currently owned or managed by SPM. Our company does provide and share information with select appraisal firms.

It is our goal to talk to every prospective tenant that may consider leasing in Bonner County.  We maintain a website www.sandpointrentals.com, publish a weekly hot sheet, and constantly work our lists of potential tenants.  We advertise continually on national commercial real estate websites including loopnet.com, Costar.com, sandpoint-commercial.com, crexi.com, realmassive.com, commercialcafe.com, getdigsy.com, costar.com, freecommercialsite.com, zillow.com and nwcre.org.  In addition, we rely on a large local and national referral source of realtors and other professionals.  If a suitable prospective tenant is found, our services would include lease negotiations, tenant screening, and the implementation of a lease contract. 

Our contacts and coverage of leasing prospects within the local market is second to none. SPM currently manages in excess of 1000,000 square feet of commercial space.  As managing partner for a 200,000 square foot commercial building in Great Falls Montana, our company was instrumental in tripling tenancy from 32 tenants to 98 in just 3 years (columbus-center.com).

Potential tenants are professionally screened by Sandpoint Property Management, balancing an investors risk by ensuring that the tenants are financially stable and responsible. We require a thorough credit check is made before any lease is signed. This process includes a credit history review with the credit bureau, employment verification, and a check of any eviction or criminal histories. Additionally, we contact appropriate references, including past landlords. The use of proper legal forms, deposit disposition forms and other legal documents is always an integral part of the way we work.

The security deposit serves to protect the landlord if the tenant breaks or violates the terms of the lease or rental agreement. It may be used to cover damage to the property, cleaning, key replacement, or back rent. Security deposits are tenant's funds, and are held in a trust account unless and until the landlord becomes entitled to receive all or part of them under the terms of the lease.

Thorough and comprehensive documentation is a key ingredient to good property management. It prevents confusion and gives everyone involved a clear understanding of what is expected. Every tenant sits down with a property manager, and goes through the rental contract line by line.