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;…
When you manage commercial property, you should be quite selective as to the properties that you take on and control within the agency. The fact of the matter is that low quality properties will take more time to manage than good properties. As you would expect, low quality properties also produce low fees. It is…
In commercial real estate agency, we can service our clients in many different ways. Our versatility is an opportunity for more business. Your agency should be built on the premise that you can provide value added services in a number of ways. Here are some ideas for that: A leasing opportunity can lead to the…
At the risk of offending all other property managers, I am going to say that commercial and retail property managers work really hard. The complexity of what they have to do every day is broad and deep. They can (or should be) very smart people. All of this being said, a manager chosen for the…
Energy management can be a major issue when managing a commercial, industrial, or retail property today. Energy can account for a large percentage of the building’s operational costs. Let’s think about costs. There are two types of outgoings in a commercial, industrial, or retail property: the ‘controllable outgoings’ and the ‘uncontrollable outgoings’. The tenants lease…
Many agencies look for commercial property management listings. A property management client or appointment will provide significant opportunities in leasing and sales for the agency at some point in the future. In the meantime, a commercial property management appointment will provide reasonable fees to the agency, provided you offer the right professional services. A sizeable portfolio of…
In commercial and retail property today, the most successful commercial real estate agents specialize in a particular niche area or property type. In many cases, they will specialize in both. This is because specialization allows you to provide real market knowledge and a dedicated focus to the property and the client. Every property type will…
When you work as a commercial property manager or retail shopping centre manager, the property management system you use for your clients should be optimised for each property’s requirements. This means that every property will have the unique controls and reports that a client requires. This is not for the ordinary client and will command…
So many property managers graduate to commercial property from residential property. The fact of the matter is that the transition is very hard; the property type is different and the management style and requirements are quite unique. If this sounds like a challenge that you are going through or about to take on board, rest…
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