Commercial property management today is a high value service to be offered to landlords and property investors. Specialised agents have the expertise and the market intelligence to strengthen property performance through commercial property management.The major trends in commercial asset performance today include the following:
Minimisation of vacancy factors within the property (this assumes that the property is not required for refurbishment or redevelopment)
The optimisation and stabilising of net income cash flow from the property and the tenancy mix
The management of the tenancy mix to ensure occupancy stability and compatibility between tenants in close proximity
Sensible controls on the expenditure activity for the property in keeping with industry benchmarks and standards
The management of leases within the property using standards that match the landlords investment plans and property holding intentions
The minimisation of risk in the operation of the property and the activities of the tenancy mix
The compliance of the property to rules and regulations surrounding essential services, occupancy terms and conditions, and local property regulations
All of these factors are quite specialised and require an agent that is very familiar with local commercial property trends and benchmarks. It is interesting to note that many a landlord will seek out an agent charging the lowest fees for the services required. This can be counterproductive and usually is. Cheaper agents do not normally have the best people and cannot provide the best services.Quality property management services require significant knowledge and skills and disciplines. That can only be obtained through experienced people supported by professional systems. Short cuts achieve poor results. Good managers usually rise through the ranks and gain experience on different property types on the way through.In some respects they will specialise on certain property types such as retail, industrial, or office property. Retail managers are perhaps the most experienced in the industry, therefore attracting a premium when seeking employment.It is worth remembering that a professional management service so requires specialized lease procedures are supported on dedicated software programs. Capturing the activities of tenants within numerous properties can be a demanding task. This is where specialised software programs will assist the property manager to achieve control and change within the tenancy mix.Gone are the days of trying to manage numerous tenants on spreadsheets. Many a property manager has tried the process only to find that the required upkeep is too difficult. Purchasing the right software to support your property managers is well advised.Professional management is not an experiment, but a specialised business process that can add many thousands of dollars to the property income each year and tens of thousands of dollars to the property value over time.
Tag Archives: Home
Casual Dining Furniture Can Lend Elegance to a Home
Many homes these days don’t have formal dining rooms. Homeowners who want to create good-looking dining areas often don’t want to spend a lot of money. Some people think that casual dining furniture might be an answer, but are concerned it may look cheap. There are some furniture stores in the Albany, NY area that can advise homeowners on what casual dining furniture would look best in their home. Whether one lives in Glens Falls, Queensbury or Albany, NY or elsewhere, purchasing casual dining furniture can add a touch of style to one’s home.
Casual dining furniture can look elegant and local furniture stores can introduce homeowners to collections of casual dining sets. Depending on the look that the customer is after, casual dining sets can be chosen to complement a modern or more traditional style. The shape of the dining table is the first element that people focus on when shopping for dining furniture. Some sets feature small circular tables, and others include square or drop-leaf tables. Rough-hewn tables offer a more rustic look. Chairs can make a statement too; slat back, bar stool or bench, the chairs offer more than a place to sit; they help complete the look.
Style is part of the process when selecting dining furniture, but the color of the dining set is a critical point as well. Ash or oak furniture with a light stain can brighten a dining nook. Walnut and cherry furniture can add warmth to a room. Darker stains such as an espresso brown offer an upscale look. Some sets even feature metal table frames with glass tops that give a light and classy look that offers a cheery setting for every meal.
Table height is another consideration when shopping for a casual dining set. People who want to have a space where food preparation and eating can take place together may want to consider purchasing a counter-height table. These tables are usually at least 36 inches high. They are perfect for people who have dining areas that overlook an opening between the kitchen and living room. The attraction of open concept homes is a larger kitchen. A counter-height table can provide more food prep space, extra dining space and a beautiful addition to the kitchen’s décor.
Homes that don’t include formal dining rooms offer people the flexibility to create unique dining spaces. Furniture store staff can help people decide on a dining set style, shape, color and even table height that will fit their needs. A good rule of thumb is to take photos of one’s dining area and bring them in to the furniture store to give the staff an idea of where the new furniture will be set up in the house. Some furniture stores even offer design services. Store designers sometimes will come to customers’ homes to help them plan out their furniture groupings. Shopping for casual dining room furniture doesn’t have to be difficult. Furniture store sales consultants welcome the opportunity to help people create comfortable and elegant dining spaces.