When analysing a commercial or retail property for investment, rentals paid and received instantly come to mind as an essential factor to examine. There are many other critical things to explore, but the revenue stream tells the tale of the investment. Examine the property and comprehend its history and future. This will be the investment…
When you are taking over a retail shopping centre or mall there are a lot of things to look into. In today’s video we break down the main topics to help you set up your retail management checklist. Use these topics to establish the facts and figures of your new retail management property and client….
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…
Many commercial real estate clients do not understand the local area when it comes to trends in enquiry, prices, rents, and opportunity. You can fill in the gaps when it comes to local area property knowledge. You have some valuable statistics, real estate trends, and results that you can share with those clients as part…
When you look at the property leasing market in any town or city, there are tenant advocacy opportunities to be worked. In saying that, it is always preferable to work with the larger tenants and the better quality properties from the position of a ‘tenants advocate’. Smaller tenants can waste your time and your money. …
Help with the client’s property challenges at the earliest stages. It is a simple idea, but it is so important in our commercial property industry. Stay ahead of the client’s property situations and choices. Help them see the next property choice before they move to it. Be fully aware of the client’s property portfolio and…
Over the years I have seen many different challenges with Shopping Centers of all types in diverse cities and towns. Recently I was in Dubai, sharing that information and speaking at a conference on tenant mix and tenant retention strategies. Retail Property Performance Plan As part of that review, we then built an Asset Plan…
A complex office or retail investment property needs an Asset Plan. Things should be considered and decided as part of the planning process. Over time that then allows the right indicators to be tracked, negotiated, and changed as required. (NB – you can get Commercial Property Asset Planning tips in our Snapshot program right here)…
In commercial real estate brokerage, you can and should develop a detailed leasing plan and solution for your exclusive listings and the associated clients. So, who are your clients? Are you working for tenants, landlords, developers, or perhaps all the aforementioned? Make sure you set firm targets on your specific client types. Know who they…
In commercial real estate leasing, you need to know plenty of people, and as part of that, all the landlords and the tenants in your territory. Secure a database software solution to track the interactions and the connections that you are making in a regular and ongoing way. Your list will be invaluable as the…
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