Commercial Property Management Skills Resources by John Highman
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;…
In commercial property management or retail property management you should have a number of performance indicators to allow you to track the progress of current building and tenant events. It is no secret that many property managers are very busy most of the time; it is therefore very easy to overlook key facts and issues….
When you work in commercial real estate property management or shopping centre management, you will know the importance of a good property handover from other clients or agents. If you are on the receiving end of the handover you really must be careful and prepared for the event. The handover process is the only time…
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…
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…
Energy management can be a major issue when managing a commercial, industrial, or retail property today. Energy can account for a large percentage of the building’s operational costs. Let’s think about costs. There are two types of outgoings in a commercial, industrial, or retail property: the ‘controllable outgoings’ and the ‘uncontrollable outgoings’. The tenants lease…
Many agencies look for commercial property management listings. A property management client or appointment will provide significant opportunities in leasing and sales for the agency at some point in the future. In the meantime, a commercial property management appointment will provide reasonable fees to the agency, provided you offer the right professional services. A sizeable portfolio of…
Many landlords are too focused on income and rent growth as part of owning a commercial property. The important issue in this property market is getting a tenant that can bring stability to a property. When vacancies are generally plentiful, the number of properties that tenants have to choose from is quite high. That is…
It is easy to misunderstand commercial or retail property management and the important role that it can play in a property’s performance today. It is also easy to misunderstand or underestimate the importance of skill and knowledge when it comes to choosing the right person to manage an important property. I conducted specialist workshops in the…
When you work as a commercial property manager or retail shopping centre manager, the property management system you use for your clients should be optimised for each property’s requirements. This means that every property will have the unique controls and reports that a client requires. This is not for the ordinary client and will command…
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