When you are to take on a new commercial or retail property management appointment, the fees that you set are critical to the ongoing services to be provided to the client and the profit of your property management division. In this podcast today, you can learn about the importance of setting the right fee and…
Learn how to consider all the facts in commercial real estate property management. Set your fees in the right way allowing for the pressures of the client, the property, and the location. In this video I talk about the various ways to look at fees and how to compare the important factors of property control….
So, a client asks you to manage their commercial property. What do you do at that point? How much should you charge for your services? So many agents and brokers make mistakes in setting property management fees. They adopt some formula of a percentage fee taken from the passing income for the property. What…
The strategy behind growing commercial property management fees will always be separate from the commissions and fees you can get from sales and leasing activity. Any real estate brokerage business plan and team structure should consider the different fee types and the unique strategies required to grow those income channels separately. In defining the difference…
The commercial property management process is quite special as are the people that work successfully within that segment of the industry. At the CBD business end of the property industry in most towns or cities, special skills are required of those people when it comes to working in property management, leasing and or asset strategy. …
Here are some tips for my online friends in Commercial, Retail, or Industrial Property Management. Get a coffee and have a read of this…… Do you manage property for a difficult client? Are your fees so low that you struggle to keep up with the demands of the job due to lack of resources?…
The fee setting process in commercial or retail property management is not just a matter of using a percentage of passing income from the property. There are many other things to consider in establishing the right property management fees for the property and the client that you act for. All properties are different as are…
One of the biggest problems I see in commercial property management is in setting the correct fees for services provided. Many agents think that fees in management should only be based on passing income or as a flat fee against an ‘industry standard’. That’s the wrong way to do it. The result can and usually…
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