Commercial Property Management Skills Resources by John Highman
The skills required to manage any complex commercial and retail property are many. Far too many agent principals underestimate the quality of person that they should apply to a new property management appointment. Certainly, a junior unskilled property manager can learn the skills required, but getting the right quality of person to do the job…
When you start work as a commercial or retail property manager, the task can be confusing and challenging. This is particularly the case if you are migrating from residential property management. The commercial and retail property types require a different and more strategic focus; it’s not just a matter of collecting the rent monthly and…
When it comes to commercial or retail property performance today, the rent for a property can be made up from a number of factors, all of which should be optimised to the plans of the landlord. A good commercial real estate agent should have the experience and the ideas to help in that way. So…
When it comes to managing older commercial properties, you will need to develop a system to control the problems that evolve from property ownership and tenant usage. It is a simple fact that older properties cost more to run and maintain. That can then have a significant impact on the net income for the landlord…
When it comes to managing commercial property today, you should have a comprehensive property management agreement that correctly reflects the duties to be provided by the agency, and the interaction between the property manager and the landlord as the client. A correctly prepared property management services document will minimize any service difficulties and misunderstandings. Every…
In a commercial property market like ours today, property ownership and control become challenging. For this reason, your commercial and retail property managers become a key point of difference in your business. With the right marketing effort, your property managers can be a business opportunity for you and the brokerage team overall. All too often…
Commercial property management is a special field in the property industry. The same, if not more, can be said about retail property. The property managers who work on these property types should be well-chosen for their skills and/or training for the needed skills. Commercial Property Industry Averages? Far too many agencies employ people in property…
In commercial property management today, the skills of the property manager need to be relevant and well applied to the particular asset given its location, type, and client requirements. There is no doubt that skilled commercial property managers are in short supply and yet they are a valuable part of any commercial real estate brokerage…
When you manage a commercial or retail investment property, there are some things that must be included in your daily action plan. When this is done correctly, you will stay away from many common problems in property management and you will have the properties that you manage well under control. One of the big challenges…
If you manage or lease commercial or retail property, the compilation of a budget for the property every 12 months will be a standard and essential process and part of your property management duties. The budget will allow you to track the income and the expenditure activities within the property for the property owner. You will…
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