When you manage a commercial property, there are lots of things to watch and track. Failure to do so will see problems develop. The larger the property and the tenant mix that you manage, the greater the number of things to monitor. Most particularly some of the bigger things that bring issues to you will…
When you convert a new commercial property management client to your real estate brokerage, it is time to provide a ‘listing kit’ to help the client understand all the important factors of your professional service, your people, and your upcoming property management interaction. The ‘property management listing kit’ can sell the differences and professionalism in…
In commercial and retail property today, the tenant mix analysis process is a recipe for success in property performance. It allows you to improve occupancy and income. From a landlords perspective that is a good thing. The mix analysis should be done by the property owner and or the property manager each year and the…
When it comes to managing a shopping centre accurately and professionally, you need to be well prepared. There are many things to think about and control. The larger the property and the tenant mix, the busier you will be. It should be said that a retail shopping centre is perhaps the most interesting property type…
In commercial property management and leasing, the leases and the tenants in a property are critical to the income cash flow for the landlord. You as the property manager must watch for the upcoming lease changes and renewals. They are called ‘critical dates’ and they should be tracked and actioned early or on time in…
Managing a retail shopping center is a very special process. It requires the right leasing and property management specialists that understand all the key facts of the property type and the local area. Retail property requirements are more complex than those that apply to office and industrial property. If retail is a property type that…
In commercial real estate agency today, you must be a ‘specialized educator and facilitator’ when it comes to working with your clients. You should not be a ‘steamroller’ or pressurized salesperson that kills the client and business relationship. The prospects and clients in the market today are usually very informed when it comes to business…
When it comes to managing commercial property today, the budgeting process is quite important. When you establish a budget correctly, it can help you as the property manager and also the landlord direct and control the income and expenditure for the asset throughout the financial year. So this financial control process is really suitable for…
When it comes to managing a commercial or retail property today, the energy management of the property can be a very big issue. Energy can take up a very large percentage of the operational costs of the building. There are two types of outgoings in a commercial or retail property. There are the ‘controllable outgoings’…
In a commercial property market like ours today, property ownership and control become challenging. For this reason, your commercial and retail property managers become a key point of difference in your business. With the right marketing effort, your property managers can be a business opportunity for you and the brokerage team overall. All too often…
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