In commercial property management, the tasks of managing the property and the contained tenants can be complex, demanding, and overwhelming. Many property managers are ‘swamped’ with work and the pressures of managing too many properties. The whole issue can get more complex, and that is the case when many properties are managed. Typically, most commercial…
If you are to take on a new property under management, you really do need to assess current issues quickly. Look for the challenges in the asset and understand the landlord pressures and targets. Ask plenty of questions. Every property is unique and different. You cannot take anything for granted. A successfully managed property is…
When you manage commercial or retail property, arrears will come and go from the portfolio or property, and you will need to be prepared for that. The greater the number of tenants located in the property, the larger the potential arrears problem for you to address accurately. On that basis you should develop a specific…
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