When you start work as a commercial or retail property manager, the task can be confusing and challenging. This is particularly the case if you are migrating from residential property management. The commercial and retail property types require a different and more strategic focus; it’s not just a matter of collecting the rent monthly and…
When it comes to managing older commercial properties, you will need to develop a system to control the problems that evolve from property ownership and tenant usage. It is a simple fact that older properties cost more to run and maintain. That can then have a significant impact on the net income for the landlord…
Commercial property management is a special field in the property industry. The same, if not more, can be said about retail property. The property managers who work on these property types should be well-chosen for their skills and/or training for the needed skills. Commercial Property Industry Averages? Far too many agencies employ people in property…
In commercial property management today, the skills of the property manager need to be relevant and well applied to the particular asset given its location, type, and client requirements. There is no doubt that skilled commercial property managers are in short supply and yet they are a valuable part of any commercial real estate brokerage…
When you manage a commercial or retail investment property, there are some things that must be included in your daily action plan. When this is done correctly, you will stay away from many common problems in property management and you will have the properties that you manage well under control. One of the big challenges…
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