Keep your friends close and your Property Manager even closer.
Updated: Apr 28, 2022
Have some spare office space at your industrial or commercial complex? I have an idea.
Most commercial projects don't make provisions for a caretaker or property manager because it substantially increases the body corporate fees to cover costs. It's also overkill when handling commercial assets, particularly industrial units as most tenants are only onsite during business hours.
However utilising existing office space to house an independent property manager is something clever Landlords and Developers do to control & preserve their assets.
Benefits of a Monday - Friday Onsite Manager include:-
Quick response to tenant needs creating better relationships and longer tenancy terms.
Ability to offer flexible terms and opportunities for tenants who may need more or less space.
Better maintenance systems and therefore a more presentable and well maintained asset.
Control over leasing and re-leasing of units
Peace of mind for the Landlord and the tenant.
Less body corporate head aches and problems.
Excellent selling tool for developers or owners in the complex.
So don't waste that empty office space onsite - let or get one of your tenants to sublet this space to your preferred property manager by offering reduced rental, good signage and management of the complex. In return you will preserve the appearance, value and demand of your complex, reduce body corporate problems and be able to better manage your tenants needs, resulting in better relationships and longer lease terms.