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CRECO Services · Texas Commercial Real Estate

Property Management

Day-to-day operations and tenant relations for commercial assets across Texas — built for owners with portfolios who need institutional-quality reporting at boutique-firm responsiveness.

CRECO's property management practice is built for the multi-property Texas commercial owner. The big national management firms are great for institutional clients with 100+ trophy assets — but they tend to treat 5-property and 10-property owners as small accounts. Local property managers can handle one or two buildings, but typically lack the systems, reporting, and strategic capabilities a portfolio owner needs.

We sit in the gap. CRECO manages portfolios from 5 to 50+ Texas commercial properties — retail, industrial, office, flex, mixed-use — with the same operational rigor and reporting infrastructure you would expect from a national firm. Every owner relationship is led by a senior CRECO broker who knows every asset, meets your tenants, and answers your calls directly.

Our management approach is proactive, not reactive. We tour every asset on a regular cadence, meet with key tenants quarterly, track lease expirations 12-24 months ahead, and surface capex needs before they become emergencies. The goal is sustained NOI growth and tenant retention — not just keeping the lights on.

Service Scope

What's Included

Every property management engagement includes the full scope of services below — calibrated to the specifics of your assignment.

  • Day-to-day building operations: vendor coordination, maintenance, janitorial, landscaping, security
  • Tenant relations and lease administration: rent collection, escalations, renewals, default management
  • CAM reconciliations and operating expense audits
  • Monthly financial reporting (P&L, rent roll, AR aging, leasing pipeline)
  • Annual budget preparation with capex planning and variance reporting
  • Capital project oversight: vendor selection, contract negotiation, progress monitoring, owner sign-off
  • Insurance, tax appeals, and risk management coordination
  • Lease audits to ensure tenants are paying correctly and recovering OpEx accurately

Our Process

How a Property Management engagement works

01

Onboarding

30-60 day onboarding for a new portfolio: tour every Texas asset, audit existing leases and rent rolls, transition vendor contracts, set up financial reporting, and meet every tenant.

02

Operating Cadence

Monthly financials by the 15th. Quarterly tenant check-ins on key leases. Annual budgets in October. Capex calendar reviewed every quarter.

03

Strategic Review

Quarterly portfolio review meeting with you (the owner): NOI by asset, leasing pipeline, capex status, market trends, hold/sell recommendations.

04

Continuous Improvement

We don't just manage — we improve. Every quarter we identify 3-5 actionable initiatives (vendor rebids, lease renegotiations, capex projects, tenant repositioning) to push NOI.

Who This Is For

Use Cases

Multi-property portfolios

Owners with 5-50+ Texas properties needing one firm to coordinate operations, leasing, and strategy across all of them.

Long-distance owners

Texas property owners who live out of state — California, New York, Florida — and need on-the-ground management with weekly communication.

Family offices

Multi-generational property owners needing institutional-quality reporting with boutique-firm responsiveness for the family decision-makers.

Owner-operator hybrids

Owners who run their own business in part of the property and lease the rest to other tenants. We handle the tenant side and tie into your operations.

People Also Ask

Property Management FAQ

What does CRECO charge for property management?+
Property management fees in Texas typically run 3-5% of effective gross income (EGI), depending on portfolio size, asset complexity, and asset type. Multi-property engagements (5+ properties) tier down. Single-asset retail centers run higher (4-6%); large industrial buildings with simpler operations run lower (2.5-4%). Leasing commissions are separate (4-6% of total lease value, market convention).
How often do you tour the properties?+
We tour every property under management on a regular cadence — typically weekly for retail centers, bi-weekly for office, and monthly for industrial. We also do unscheduled spot checks. Senior brokers meet with key tenants quarterly. Owners receive a monthly property condition summary alongside the financial report.
Do you handle eviction and tenant default?+
Yes. We handle the full default lifecycle: rent demand letters, payment plan negotiations, attorney coordination for eviction proceedings, replacement tenant marketing post-vacancy. We have established relationships with Texas commercial real estate attorneys and aim to resolve defaults without eviction when possible — eviction is the most expensive outcome for both sides.
Can I use my existing accountants and lawyers?+
Absolutely. We integrate with your existing CPA and attorney. We send monthly financial reports in your preferred format, coordinate audit support, route legal questions through your counsel, and never duplicate services you already have. We're an operations and strategy partner, not a one-stop shop.
What's the minimum portfolio size?+
We have managed single retail centers ($1M-$5M asset value) and we've managed 50+ property portfolios. Practically speaking, our value compounds with portfolio size — owners with 5+ properties get the most ROI from our strategic capabilities. Single-property owners often start with us for leasing or BOV and expand into management as portfolios grow.

Explore More

Related Services

Leasing & Sales

Owner-side leasing and sales across retail, industrial, office, flex, and land. Marketing, negotiation, diligence to close.

Investment Advisory

Underwriting, market analysis, and portfolio strategy for multi-property owners and investors across Texas.

Talk to a CRECO principal

No-pressure consultation. We'll listen first and recommend an approach — even if that means pointing you somewhere else.

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