When you manage office, industrial or retail property, the outgoings management process is critical to cash flow and property operations. Like it or not money has to be spent on many different things in investment property and at different times of the year; outgoings management is part of that process. A budget will help you…
When it comes to listing and selling a commercial or retail investment property, a number of things should be investigated that could have an impact on the promotional campaign and outcome. It may be the right or wrong time to sell and on that basis all things should be looked at in balance and any…
In commercial or retail property management, the reconciliation of outgoings will be an important financial activity for the property manager and the landlord at least once per year. In that way you will know how you are tracking when it comes to gross and net income within the performance of the property. Let’s assume that…
Every commercial property should be managed and optimised to a plan. This is in fact, a business plan or version of it and it is to be prepared by property managers. It should be prepared once a year and just before the commencement of the financial period to which the building performs. It should be monitored…
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