December 10, 2023
Are you a commercial property manager or are you looking to break into commercial property management? If you have answered yes to either question then these posts are written with you in mind. Here, you will find detailed information about the day-to-day life of commercial property managers.
Commercial property managers are responsible for a variety of tasks that can include but are not limited to:
- Tenant Relations – this typically involves managing applications, dealing with lease management and negotiations and also pursuing potential lease renewals as they apply. Of course, rent collection also falls under this category. These functions are generally maintained by well-rounded property management software.
- Property Maintenance and Repairs – this can be a less than glamorous part of the job as property managers must oversee all maintenance issues and address repairs as needed.
- Financial Management – for the bookkeeping savvy property managers, this is all about budgeting, making sure that revenues are in line with expectations and that expenses are in check.
- Marketing – this is the more lively and personality-driven part of the job. Typically, this involves brainstorming and keeping marketing ideas and presentations consistently fresh and compelling for potential new tenants.
We dive deeper into these aspects in more in these posts on, and for, property managers.