Managing commercial property is a specialized service we practice for all of our projects. We know the commercial property management process is totally different than residential property management and rightfully so.
As we have researched and practiced into this type of specialized management service we have taken the time to develop the right people with the right skills within our company. With this plan of attack to provide the right skills, we know our property performance will be impacted and unhappy landlord type problems will be the result. We realize and know for certain that Property performance is paramount and that extreme focus overrides all other solutions.
We know the main attributes needed to be included in this job are:
* Financial skills to analyze income and expenditures
Budget awareness and spread sheet capability to design property budgets
* Lease documentation interpretation for rent and occupancy terms and conditions
* Negotiation skills to handle tenants at time of lease events and expirees
* Contractor negotiation and instruction skills
* Tendering and implementing maintenance contracts in all levels of building maintenance
* Ability to see and understand threats and danger in the operation of a commercial property
* Knowledge in how to optimize the income for the property whilst preserving the functionality for the tenants
* Ability to manage lease events across a broad variety of situations and circumstances and in doing so, keep clear and precise records of events and instructions.
* Ability to take and give instructions to and from a wide variety of people associated with the running of the property
* Know how to optimize tenancy occupation and minimize vacancy potential
* Ability to negotiate leases with new and sitting tenants with due regard for the landlords plan for the property
* Maintenance awareness and ability to understand maintenance needs and repair processes
* Good attention to detail when it comes to recording instructions, events, tasks, and daily events.
* Ability to understand and write detailed and accurate reports for landlords covering financial matters, documentation, lease matters, tenancy mix and strategy, maintenance planning and budgets, contractors and building works, income analysis and targets, expenditure analysis and targets, risk management, energy management, and legal events.
* Property business planning of critical issues such as energy, tenants, customers, environment, net income, and property lifecycle.
We know for certain it is an extraordinary person that can provide all of these skills from from doing an excellent and important job. However we also practice to develop these skills quickly and accurately within the company to rapidly use these strategies to reach a satisfactory solution for many of the projects we develop. We know that a quality commercial or retail property will require these basic skills as well as others depending on the nature of the properties we invest into.
To manage our commercial property investments, our property management division is well in control of all of these events and disciplines. Without these skills, we know the property will likely underperform and threaten our investments. Most of our investments we invest in are utilized to come up with varied and constant strategies and solutions so that we have some of the best successful real estate projects seen anywhere. Please feel free to contact us anytime at 727.657.3339. We look forward to speaking with you!