Complete newcomer in charge of 8,000sqft commercial space

[Shane Rossi Hegarty]

Hello everyone, 

And okay so maybe the subject is kinda click bait but still a true statement. 

Long story short is my family owns a couple commercial properties in Concord California, and by family I mean my 85 year old grandmother. She's very young for 85 and has managed all of this on her own up to a few years ago when she asked me to help. Since then I have noticed her rents are quite a bit lower then the comps in the area and her current accountant isn't very experienced in helping with real estate investors. We have recently dove into some of the details, (leases, insurance, taxes, etc) and have found a few things we could really use advice on. She had a couple of bad experiences with property managers in the past so that option is a bit off the table for her. 

Wondering if anyone had any recommendations for a property management company in this area who might do consulting? And we would also benefit tremendously finding a good CPA who is experienced in real estate. 

Looking forward to learning from all the knowledgeable people here on BP and thank you in advance.

[Tanh Truong]

Congrats on the new management role! As I'm not local to the area, I can't help with any recommendations there, but I will say having an extensive interview process certainly helps. As for CPA, I can recommend my CPA who's local to me and has a good knowledge base on the tax laws (I'm not 100% confident about his knowledge on CA law). Aside from that, I would recommend networking with local investors in finding who they use for PM and CPA.