Most commercial and retail property managers are extremely busy on most working days. Why is that? They must deal with many things across lease occupancy, tenancy mix, maintenance, and risk management daily across many buildings. Despite the pressure, they must meet the needs of tenants, landlords, and authorities. Errors can be made if controls and…
Rarely in the past have work models changed so quickly as in the last few years. The COVID-19 pandemic has accelerated the diffusion of remote and hybrid word models, as well as giving a boost to the gig economy. Both employers and workers are increasingly looking for flexibility and a new workplace that cultivates this…
Commercial and Retail property managers are very busy people most of the time. The greater the number of buildings that they manage and tenants that are contained in those buildings, the busier things are. Planning your workflow is a good idea. Through all that activity and pressure, the best property managers will have a daily…
When you’re managing a commercial building for a client or own commercial real estate, one of the factors that are always top of mind is security. Although you may not be responsible for day-to-day security operations, it’s essential that you are aware of the latest trends in security so that you can provide advice and…
It is a fact that commercial and retail property managers are extremely busy on most working days just finding the time to do ordinary things with properties, clients, landlords and tenants. It is easy to get ‘swamped’ with distractions and diversions in property management. Most property managers will know exactly what I am saying here…
When you are to enter into a new property management agreement with a client, there are a good number of things to think about and consider. The fact of the matter is that most properties have unique things to merge into the property management service. The client, the location, the tenant mix, and the lease…
If you are managing a commercial or retail property, you need some strategies to control things and particularly so with tenants, rental income, leases, vacancies, maintenance, and arrears. The deeper you go within each topic, the more complex and active the issues. So, what is the turning point in property management control? To answer the…
In commercial property management, if the individual manager you employ is struggling in knowledge, performance, and or client service, you will soon have a portfolio problem of one type or another. You can lose business and fees. Usually the affected client will soon become unhappy, timeliness will be lacking, errors will be made, and eventually,…
When you are taking on a new retail, office, or industrial property for management, make sure you have a good set of deliberate questions to work through and help you identify the performance issues within the property. Get to the bottom of the issues relating to income, tenancy mix, maintenance, risk, documentation, and occupancy. Where…
If you work in commercial or retail property management or leasing, you will soon come across the terminology of building automation in larger buildings. The issue or concept generally applies to buildings where the building function issues are complex and therefore for efficiencies, the operational elements of the building are integrated into daily property operations,…
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