FINDING THE ‘PERFECT’ PROPERTY MANAGER
If you own or are in the process of purchasing a commercial property, you’ll be on the hunt for a property manager. To help you in your search, here are 10 key questions to ask any agent you meet with.
- Can you outline your property management fee structure?
- Do you have experienced commercial property managers?
- How extensive is your knowledge and expertise of the local commercial and industrial rental market?
- What are some of the commercial properties you currently manage for clients?
- What marketing and advertising methods do you use to attract tenants?
- What systems do you have in place for selecting quality tenants?
- What systems do you have in place for dealing with tenant problems or disputes, such as rent in arrears or property damage?
- Do you have a good working knowledge of the current commercial property legislation, including GST and Strata Title Acts?
- How will my property manager communicate with me and how regularly?
- Can you provide assistance in finding the right insurance policy for my property?
You want to feel absolutely certain about not only their expertise but your understanding of their explanations, so have them go through any grey areas again. Get them to explain typical situations so you can put yourself in the shoes of the property owner.
Get in touch with a commercial expert. Professionals can help with your commercial property management needs.