The fees for a professional commercial property management service can be difficult to set given that you really do not fully know the demands of the property or the client when the fee is under negotiation. Commonly you will find that a property will take far more time and effort from the property manager than…
When you appoint a new commercial property manager to the team, there are things to cover and implement. It’s almost like having an ‘induction program’ within the department or division. Consider these facts: The newly appointed person has to understand your property portfolio The software system that controls income and expenditure for the properties will…
In commercial property management today the skills and tasks required of the individual manager are quite specific and advanced. This then says that only the best people should be employed for the properties to be managed. There are major differences between the property management requirements of an industrial shed verses a complex office property or…
In commercial real estate property management, it is likely that you will be involved from time to time in appointing a new property manager to the agency management portfolio. On that basis, you should have an induction program or system to help you with the appointment of the new person to the team. An induction…
In commercial property management and leasing, the leases and the tenants in a property are critical to the income cash flow for the landlord. You as the property manager must watch for the upcoming lease changes and renewals. They are called ‘critical dates’ and they should be tracked and actioned early or on time in…
In a commercial real estate agency the goals of a commercial property manager are totally different than that of an agency salesperson. While the commissions generated will be important to both, the ways commissions are achieved are very different. Goals therefore need to be set from different perspectives. It can be said that the goals…
A career in commercial property management can be a very rewarding choice for you. In saying that you should be prepared to learn and grow your skills for your entire career. The complexity of property types and management styles requires that. In an average working day, here are some of the things that a property…
The commercial property management process can be quite a challenge when it comes to controlling workload and getting results. The same can be said about retail property and shopping center management. On that basis every property manager should be well chosen for skills, knowledge and relevance to the property type. The skill set behind the…
Commercial real estate is a bit different when it comes to property management. In many respects you are dealing with multiple tenants as part of one big income cash flow. The process takes a lot of focus and effort. The property managers that you apply in your real estate agency to a client’s portfolio should…
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….
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