The retail part of the investment property market is quite special given the types of landlord clients and the tenants you must work with and help. I have said many times before, that ‘retail’ is unique as a property type, given the occupancy factors that influence leasing decisions in shopping centres and stand alone ‘shops’….
When you manage a commercial or retail property of any size, there are things that can go wrong in the building or across the property. Those things can then disrupt occupancy, safety, and investment performance. You need a comprehensive crisis control plan to keep those events under direction. Forward planning is a good idea to…
Most shopping centres have challenges in some form or another. When you look at all the issues of the typical retail property, there are things to watch and shape over time. Control is important; the focus of the Shopping Centre Manager is or should be part of that. The Landlord owner of the property is…
When you are to take over a new building to manage, be it office, retail, or industrial, there are many things to look at and control IMMEDIATELY. It is easy for errors to occur and omissions to be made as the property facts are gathered. People will not tell you everything and or overlook key…
So, a client asks you to manage their commercial property. What do you do at that point? How much should you charge for your services? So many agents and brokers make mistakes in setting property management fees. They adopt some formula of a percentage fee taken from the passing income for the property. What…
When it comes to leasing, and managing any shopping centre, take the time to establish and implement a tenancy mix and tenant retention process. It is a wise business strategy to use to boost property and retail performance. In focusing on the tenant mix, you can improve the financial performance of the property and reduce…
If you specialise in commercial or retail property management then you should have a listing kit with you to use at any time with clients and prospects. Some of the kit can be in hard copy and the balance of the kit should be in the ‘cloud’ for ‘drawing down’ when you are talking to…
Landlords of investment property always need some degree of help when it comes to commercial property management and leasing. Look for those landlords and then centre on their problems. Provide solutions that are clear, specific, and specialized. It is hard for a client or prospect to ignore relevant recommendations on a property matter. Go ‘deep’…
The strategy behind growing commercial property management fees will always be something separate and different to the commissions and the fees that you can get from sales and leasing activity. Any real estate brokerage business plan and team structure should consider the different fee types and the unique strategies required to grow those channels of…
A high-quality property management team is a good thing to have in any commercial real estate brokerage. In referring to a team of ‘high-quality’, I mean people with the appropriate management skills and knowledge for the location, the clients, and the property types. Good property managers are hard to find and the best ones are…
We like Commercial Real Estate and hope you do too! Join us here for free resources and updates for agents & brokers worldwide.
We will never share your information.
