Setting Commercial Property Management Fees

The fees for a professional commercial property management service can be difficult to set given that you really do not fully know the demands of the property or the client when the fee is under negotiation. Commonly you will find that a property will take far more time and effort from the property manager than…

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Tips for Appointing a New Commercial Property Manager

When you appoint a new commercial property manager to the team, there are things to cover and implement.  It’s almost like having an ‘induction program’ within the department or division. Consider these facts: The newly appointed person has to understand your property portfolio The software system that controls income and expenditure for the properties will…

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7 Essential Skills for Commercial Property Managers

In commercial property management today the skills and tasks required of the individual manager are quite specific and advanced. This then says that only the best people should be employed for the properties to be managed. There are major differences between the property management requirements of an industrial shed verses a complex office property or…

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Tips for Appointing a New Commercial Property Manager

In commercial real estate property management, it is likely that you will be involved from time to time in appointing a new property manager to the agency management portfolio.  On that basis, you should have an induction program or system to help you with the appointment of the new person to the team. An induction…

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Watch for Critical Dates and Lease Issues in Commercial Real Estate

city buildings on river

In commercial property management and leasing, the leases and the tenants in a property are critical to the income cash flow for the landlord.  You as the property manager must watch for the upcoming lease changes and renewals.  They are called ‘critical dates’ and they should be tracked and actioned early or on time in…

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Goal Setting Rules for Commercial Property Managers Today

In a commercial real estate agency the goals of a commercial property manager are totally different than that of an agency salesperson.  Whilst the commissions generated will be important to both, the ways that commissions are achieved are very different.  Goals therefore need to be set from different perspectives. It can be said that the…

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How to Start Your Career in Commercial Property Management

A career in commercial property management can be a very rewarding choice for you.   In saying that you should be prepared to learn and grow your skills for your entire career.  The complexity of property types and management styles requires that. In an average working day, here are some of the things that a property…

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Commercial Property Management Challenges for Agents Today

The commercial property management process can be quite a challenge when it comes to controlling workload and getting results.  The same can be said about retail property and shopping center management.  On that basis every property manager should be well chosen for skills, knowledge and relevance to the property type. The skill set behind the…

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The Perfect Property Management System in Commercial Real Estate Agency

Commercial real estate is a bit different when it comes to property management.  In many respects you are dealing with multiple tenants as part of one big income cash flow. The process takes a lot of focus and effort. The property managers that you apply in your real estate agency to a client’s portfolio should…

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Systems to Follow in Commercial Property Management

In commercial property management you should develop systems to help keep you on track when it comes to daily and important issues.  It is a fact that commercial property managers are very busy people most of the time.  The demands of the working day can be very high.  Here are some tips from our Newsletter.…

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Landlord Reporting Tips in Commercial Property Management

The management of commercial and retail property today are complex issues. The profession requires diligent process and highly skilled people. As part of that, the chosen property manager should be reporting to their landlords in a regular and professional way. The size and the complexity of a property under management will dictate the diversity and…

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Commercial Real Estate Tenants Must be Controlled for Top Property Performance

In commercial property management don’t let your tenants get out of control.  Stay close to your tenants and ahead of their intentions.  The tenants in your managed properties are the lifeblood of the income and the property performance. So many times I see property managers get very busy with ever more properties and more tenants;…

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Absolute Standards in Commercial Property Management Portfolios for Agents

When you manage commercial property, you should be quite selective as to the properties that you take on and control within the agency.  The fact of the matter is that low quality properties will take more time to manage than good properties. As you would expect, low quality properties also produce low fees.  It is…

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Value Adding Services as a Commercial Real Estate Agent Today

In commercial real estate agency, we can service our clients in many different ways.  Our versatility is an opportunity for more business. Your agency should be built on the premise that you can provide value added services in a number of ways.  Here are some ideas for that: A leasing opportunity can lead to the…

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Commercial Property Managers – Hard Working People are Essential to Manage Assets

At the risk of offending all other property managers, I am going to say that commercial and retail property managers work really hard.  The complexity of what they have to do every day is broad and deep.  They can (or should be) very smart people. All of this being said, a manager chosen for the…

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Commercial Property Management – Huge Savings in Energy Management Today

When it comes to managing a commercial or retail property today, the energy management of the property can be a very big issue.  Energy can take up a very large percentage of the operational costs of the building. There are two types of outgoings in a commercial or retail property.  There are the ‘controllable outgoings’…

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How Do You Get More Commercial Real Estate Property Management Listings?

Commercial property management listings are something that many agencies will look for.  The fact of the matter is that a property management client or appointment will provide significant opportunities in leasing and sales for the agency at some stage in the future.  In the meantime, a commercial property management appointment will provide reasonable fees to…

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Niche Opportunity in Commercial Real Estate Agency

In commercial and retail property today, the most successful commercial real estate agents are those that specialize in a particular niche area or property type.  In many cases they will specialize in both. The reason for this is that the specialization allows you to provide real market knowledge and dedicated focus to the property and…

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