Shopping centres are complex property investment models. They require understanding and commitment on the part of the property owner and the property manager. As part of operating a shopping centre there are factors of renovation and presentation to consider and merge into the property business plan and tenant mix strategy. Failure to do so will…
In commercial property management, the practice of undertaking routine inspections is a very important part of the property control process. In that way you can understand how the property is performing for the tenants, the landlord, and any visitors to the premises. So let’s say that you have a number of properties, each of them…
In commercial or retail property today, you should have some systems to help you qualify the tenants that you are working with. Don’t be too eager to hand out property information without understanding who you’re talking to, and exactly what they are looking for when it comes to a new property or lease requirement. Given…
The function and focus on a shopping centre should be on the future it provides for both the landlord and the tenants. That being said, certain categories come to mind as quite important to property operations and performance. Planning outgoings and operational costs is a big part of that. That is why you need a…
In this property market, the career opportunities in commercial and retail property management are many. A quality property and client will always require a top manager to help with the complexities of property function and management. Are you ready for the challenge with your property management systems? High-Quality Property Management Service Facts So what…
In commercial or retail property management, the reconciliation of outgoings will be an important financial activity for the property manager and the landlord at least once per year. In that way you will know how you are tracking when it comes to gross and net income within the performance of the property. Let’s assume that…
The process of marketing a retail shopping centre today needs to be well considered and planned. Every year the plan needs to be reviewed and upgraded for the pressures of the market and the tenancy mix. The plan modification should occur as part of the business plan upgrade for the tenancy mix and the landlord….
When you lease a vacant commercial or retail property to a new tenant, that process will not be the end of the leasing matter. The lease commitment is the start of the process. There are many things to be done to take the tenant forward in occupancy in the property. You need an organised move…
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…
In any retail property today, the tenant mix will largely impact the property performance and the income base. If you neglect the tenant mix or occupancy issues, the rental and the vacancy factors in a property will quite likely change for the worse. It is a known fact that a retail property is much more…
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