Across all the commercial property management services that we provide, we think that some services stand out above the rest. In our 24 years of combined experience in the Perth commercial property market, we’ve identified several important, but often underappreciated services, that consistently deliver value to the bottom line of our clients and our properties. Now, we always ensure that these services are front-of-mind when it comes to providing commercial property management in Perth and never want our clients going without them.
To make sure you’re not missing out on some of the most important parts of great commercial property management, read about our top three most underrated management services below.
No. 1: Commercial Property Condition Report
Consistent, thorough commercial property condition reports are one of the best ways to protect your investment from unexpected expenses and liabilities. From the consideration of tenant safety to thwarting costly repairs, property condition reports make a huge difference in ensuring the health and return of your commercial investment.
By being proactive with your maintenance, and staying aware of the condition of your property, you save yourself from:
- Last-minute repairs – leaving things until it’s too late can result in huge jobs that require fast turnarounds. By not staying proactive, your repair bills can go far above the cost of regular ongoing maintenance.
- Overarching financial liability – you know something will break eventually, as all things do, but without a property condition report, you won’t know when. Consistent property condition reports of your commercial property help you plan for the future and eliminate unwanted surprises.
- Fees & fines – commercial property condition reports play an important role in ensuring that you’re staying proactive when it comes to commercial property compliance in Australia.
While it may not be the first thing you think of, we’ve found that the property condition report is key to great commercial property management. Across our decades of experience, we’ve seen proactive maintenance like this provide fantastic returns again and again. That’s why we never skip on the details in each and every property condition report provided by Vast Commercial Property. Our team consistently goes above and beyond expectations with biannual property condition reports that surpassrd standard market offerings.
No. 2: Commercial Property Facilities Management
Facilities management plays a significant role in high-quality commercial and industrial property management as, similar to the property condition report, it is a key part of the safety of a commercial property.
Good commercial property facilities management will encompass full maintenance and upkeep of on-site equipment. This includes conducting regular property inspections and promptly addressing service requests.
An essential part of commercial property management, without property facilities management, compliance and safety of a property can slip through the cracks, leaving property investors in a world of headaches trying to coordinate last-minute or overdue servicing.
You can learn more about the importance of facilities management in our article Commercial Property Maintenance Tips.
No. 3: Commercial Real Estate Deal Management
Commercial real estate deal management goes above and beyond standard commercial property management to provide additional value to investors. A good commercial property manager will have keen insight into your property portfolio and understand where you sit within the wider commercial property investment landscape. Armed with that knowledge, they can do more for you and your property, by offering comprehensive deal management services.
When it’s time to assess your current investments or begin to turn to new opportunities, a skilled commercial property manager will be able to bring meticulous financial oversight and strategic planning to the table, helping you optimise value from the initial acquisition through to leasing.
This goes beyond simple assistance to the buying and selling process, encompassing a range of activities such as:
- Monitoring of the Perth real estate market to identify emerging trends.
- Negotiation of purchase or sale terms.
- Assistance in coordinating financing and loan arrangements.
- Analysis and recommendations to uplift the value of currently owned properties through renovations, upgrades, or improvements.
- Knowledge of Perth financial trends and tax compliance requirements.
- Financial reports and audits.
While this service too often falls outside the scope of commercial property management, we see it is an integral part of the package. As property owners and experts ourselves, we understand the process from start-to-finish, and have seen first-hand how this additional commercial property management offering has helped our clients.
Never afraid to think outside the box, whether you require property marketing or a better commercial floorplan to achieve results, we’ll work with you to ensure your commercial property reaches its full income-generating potential.
Get More From Your Commercial Property Management
These services aren’t always offered with the expertise, or depth, that we’d like by managers in today’s market, but we see how important they are for our clients and our properties.
Property condition reports, facilities management, and real estate deal management form the backbone of a truly comprehensive commercial property management approach and by prioritising these often-underrated services you’re actively protecting and growing your investment.
At Vast Commercial Property, we’re committed to delivering these essential and underrated services with the expertise and attention to detail your investment deserves. Don’t settle for less when you can have a strategic partner dedicated to maximizing your investment’s potential. Reach out to Vast Commercial Property today to discover how our comprehensive approach can help you get more from your commercial property.
Experience Next Level Commercial Property Management