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)…
The commercial property management process can be quite special, and certainly so when you are involved with a complex office building or retail shopping center. I have given you a chart here to understand matters. There are many things to think about and cover over a working week and a monthly reporting period. The clients…
In any retail property today there will be plenty of issues and pressures impacting occupancy. Landlords typically want to minimise the impact of vacancies and the tenants want to have a successful occupancy where they can improve business results and sales. It stands to reason that there are some specialised tenant mix leasing services that…
When you manage or lease a retail shopping centre you really do need to understand the prevailing market conditions, the property, and the level of competition around you. That means a regular and full review of tenancy activity, shopping centre demand, and future retail projects. Retail properties are impacted by some quite different key performance…
In commercial real estate property management today, you will frequently come across owner ‘self-managed’ assets. Many of the smaller scale landlords in that category do not have the expertise and the experience to manage their asset effectively and directly, and yet they struggle on. Invariably they cut corners and make decisions based around ‘savings’ rather…
In commercial real estate today, it is the case that many corporate tenants are looking for help when it comes to leasing decisions and property re-locations. That is where you can offer the specialised service as a tenants advocate; you can help the tenant find the right property in your town or city and negotiate…
When you manage office, industrial or retail property, the outgoings management process is critical to cash flow and property operations. Like it or not money has to be spent on many different things in investment property and at different times of the year; outgoings management is part of that process. A budget will help you…
To be successful in attracting inquiry in commercial real estate brokerage, every exclusive listing should be exposed to a dedicated marketing system that is comprehensive and complete. Any open listing by contrast is more of a process of luck; don’t spend too much time on marketing those listings. What is the best selling marketing system…
When you are preparing a larger commercial or retail property for sale, it pays to do a tenant mix analysis to see how you can package the property as an investment and attract potential buyers. Given the state and slowness of some buyers to act on a property sale, the full factors of property performance…
The modern lenders are using a method that is popularly known as cross collateralization to add more security while offering mortgage. This task is completed by placing a lien on another property in addition to the property that is the subjected of the loan. Generally, the hard money commercial lender considers that the property doesn’t…
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