Every day, commercial property managers are quite busy doing things for tenants and landlords. Property activity is ongoing, and the property managers systems are critical to the control and result achieved. The message here to remember is that property management is not an easy or ‘coasting’ type of job. There are plenty of things that…
The end of month reports for Commercial and Retail Property Managers come around all too frequently. Add to that fact the sheer volume of properties and tenants managed, and you have a major recurring workload problem of property control and reporting. Some property managers ‘stress out’ and leave the industry all too soon; it’s a…
It should be said that commercial and retail property managers are very busy most of the time, so the indicators of success in managing a property or portfolio are special and unique to the job, thereby allowing for the existing pressures. There are always some difficulties here in trying to set any ‘scoring process’ for…
In commercial and retail property management, there are many situations that require good property negotiation skills and communications. Property managers must have plenty of business acumen and knowledge to handle all the lease events and occupancy issues coming their way. The larger the property, the deeper and more complex the issues over time. Diplomacy and…
It is not easy managing a commercial or retail property at a professional level for a lengthy period. Some ‘uninformed’ people may say that the rent collection and tenant management process is ‘easy’, but that statement is far from the truth. With any investment property of reasonable size, there are plenty of things to do…
Commercial property management is not just about collecting the rent. It’s about looking for ‘issues’ and resolving them before they impact the property. Every property will have ‘issues’ for identification and resolve. That is where we ‘value add’. (N.B. these ideas are also sent out to regularly to our friends in Commercial Real Estate Online…
There are a couple of things about commercial property management that should be said here. Firstly, the segment of the industry is very lucrative as a source of sales and leasing brokerage business over the long term. Secondly, the property management services required today in servicing a client are comprehensive. (N.B. these ideas are also…
When it comes to property performance today, a commercial office building is quite complex and demanding. There are things to control and manage and that is where a professional property manager is required; not some inexperienced landlord self-managing and trying to save money by doing things themselves. The variables of the building design, function and…
In commercial property management today the demands on property performance require some real skills on the part of the property manager. It is a difficult part of the industry for a person to enter and try to simply ‘pick up’ the skills from on the job experience, and when that is the case it is…
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…
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