In this commercial real estate market it is wise to set yourself some benchmarks or rules that you will work to. You must control your focus and actions. A system of guidelines like this will help get you on track and pointed to the results that you seek. Why does this need to be the…
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’…
When you work as a commercial property manager or retail shopping centre manager, the property management system that you provide to your clients should be optimised for each property requirement. This then says that every property will have the unique controls and reports that a client requires. This is not for the ordinary client, and…
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 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…
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…
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…
In commercial real estate property management and leasing, negotiating with tenants regarding renewing their leases is quite a common event. Unfortunately, many property managers leave the matter until it’s too close to the cutoff date, and negotiations become pressured. Stay in control when it comes to your leases and managed properties. Pressured negotiations are impacted by…
When you work as a commercial property manager, it is essential that you really understand the demands of the job and your clients. Commercial and Retail property management is a specialist task. Shortcuts are not possible if you want to make your mark as a really good investment property manager. The Tasks of Managing Commercial Property…
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