Medical office property management

Medical office property management expertise that benefits providers, building owners and patients.

As owners of medical office properties across the country, Montecito Medical brings an exceptional depth of specialized expertise to healthcare property management.

As partners with physician groups in building wealth through real estate, we understand the distinctive needs and challenges of providers — and how property management for their medical buildings impacts their ability to serve their patients and build their practices.

Montecito also offers medical office owners the flexibility to continue managing their properties, if they choose, following a sale-leaseback transaction.

Key Influencer in Healthcare Real Estate

For six consecutive years, Montecito has been named as a leader in healthcare real estate.

Want to receive our Medical Real Estate Market Insights newsletter? Click here!

Frequently Asked Questions about Medical Property Management

If I sell my medical office building, who provides the property management?
In a typical medical real estate transaction, the entity that purchases your building will either provide property management services directly or contract with a local property management firm for these services.
If we choose, can we still manage the property after we sell it?
With Montecito, you always have the option of continuing to manage the property if you choose.
What are the four primary components of commercial property management?
Experience medical office property managers perform an array of functions on behalf of their clients. Three fundamental responsibilities include:
  • Rent collection: Collecting rent from tenants, keeping a detailed record of deposits, and maintaining a cash management system are among a property manager’s most basic jobs.
  • Maintenance: To uphold and enhance the value of the property, managers develop and oversee preventive maintenance programs for areas that range from roofing to HVAC systems. They also monitor and report on monthly maintenance costs — an especially important service under lease arrangements where tenants are responsible for such costs.
  • Financial reporting and budgeting: Reporting on the property’s income flows and expenditures is a key service that managers provide. They also develop and monitor budgets for various facets of the property’s operations, including maintenance, marketing and personnel.
  • Tenant relations: Good property managers maintain close relations with tenants, responding to their needs and promptly addressing their concerns.
In addition to these core services, medical property managers have a number of other important responsibilities that may include: market rent analysis based on the competitive environment and area demographics; development and implementation of marketing programs to ensure a high level of occupancy in multi-tenant buildings; establishing procedures for purchasing equipment, supplies, insurance coverage and contracted building services; preparing specifications for contracted work, obtaining competitive bids and supervising the projects; establishing and documenting procedures for compliance with all applicable regulations, including fire and safety codes.

This site uses cookies

We use cookies for analytics. No personal information is gathered. View privacy policy.

No thanks