… What to Expect!

Of course, everyone’s expectations will differ. But over the years, our clients have given us a few clues.

Once I’ve helped you to acquire your Commercial property, the ongoing management of your property should strive to ensure that:

• Your property remains let to good tenants.
• Those tenants pay their rental by the due date.
• Your managers will act as if the property were theirs.
• The tenants will be treated as your business partners.
• All maintenance is undertaken by reliable tradespeople.
• That maintenance would be fully detailed and carried out cost effectively — but always with quality workmanship.
• You would be notified well before each tenancy becomes vacant.
• Every possible step is taken to re-let that tenancy.
• Your rentals will be reviewed at appropriate intervals, to reflect a fair market rent.
• Timely payment of any outgoings occurs on your behalf.
• Your monthly statement and rental cheque are sent to you promptly.
• Your property is regularly inspected.
• All Essential Services requirements are met.
• You are alerted to any regulation changes affecting the property.
• You receive accurate advice on any insurance requirements.
• All opportunities to “add value” are maximised.
• Your property is kept competitive in the market place.

This is not intended as an exhaustive list, but merely a guide. And if you already have one or more Property Managers, you may wonder how you can quickly gauge whether they are on top of things?

To help you, here are … 17 probing questions to ask your current Property Manager.