Many modern properties today under property management control are what we call ‘intelligent buildings’. The inference is that they have a degree of ‘intelligent function’ that is automated by a Building Automation System (BAS). You will see this level of building function and control in both office and retail buildings. Certainly those buildings with multiple…
A rent roll in commercial real estate is a valuable part of the real estate brokerage business. From the rent roll you can build market share, sales opportunities and leasing income. The growth of the property management portfolio should be encouraged to occur as a priority in any real estate brokerage. Whilst it is easy…
In commercial property management it is common for some frustration or disagreements to develop between a property manager and a landlord. Sometimes it is a short term issue driven from a particular property problem and driven from individual lease or tenant circumstances; however it is the longer term and larger property performance issues that are…
In commercial real estate property management, using a checklist for the handover process will significantly benefit your job. When bringing a new property into your management portfolio, there are so many things to think about and control over a short period of time. That is where the checklist gives you a distinct advantage. The process…
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….
When it comes to managing commercial property today, the budgeting process is quite important. When you establish a budget correctly, it can help you as the property manager and also the landlord direct and control the income and expenditure for the asset throughout the financial year. So this financial control process is really suitable for…
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…
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…
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