The best way to manage a commercial and retail property is from a base of facts and knowledge. Look for issues and facts as part of the property takeover strategy. At the earliest stages of asset take-up, you simply must understand all the elements of the property and its location. Many inexperienced property managers only…
When you manage large commercial or retail buildings there are many important issues to consider as part of creating the annual property management budgets. A good budget process will give you a reasonable level of asset control and help you with property decisions through the year. Your clients as landlords need to see what you…
When it comes to commercial or retail property investment today, the outgoings costs can be a real drag on net income. Without some controls, landlords and property investors will struggle with lifting net income and market rents. Before I go too much further with this topic I will say that most tenants today are very…
When you manage a shopping center it is critical that a process of inspection occurs within the property on a regular and perhaps even a daily basis (depending on property size and operations). In doing that you should be looking for issues of potential property damage, danger, failure, or personal injury. The property should be…
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