{"id":3235,"date":"2021-05-10T14:26:46","date_gmt":"2021-05-10T14:26:46","guid":{"rendered":"https:\/\/businessner.com\/?p=3235"},"modified":"2022-04-27T09:51:31","modified_gmt":"2022-04-27T09:51:31","slug":"5-tips-for-successfully-managing-commercial-properties","status":"publish","type":"post","link":"https:\/\/businessner.com\/5-tips-for-successfully-managing-commercial-properties\/","title":{"rendered":"5 Tips for Successfully Managing Commercial Properties"},"content":{"rendered":"
Commercial property can still be an excellent investment. You do, however, very much need to stay on the top of your management game. Going forward, you\u2019re going to be competing not just against other commercial properties, but also against working from home. With that in mind, here are five tips for successfully managing commercial property.<\/span><\/p>\n This is one area where managing commercial properties is exactly the same as managing standard residential lets. Vetting your tenants thoroughly before you decide whether or not to accept them, let alone on what terms, can save you a whole lot of time and money further down the line.<\/span><\/p>\n It\u2019s very much preferable for you to be able to demonstrate that this screening process was carried out in full compliance with the law. In particular, you would want to be able to show that you did not discriminate against a prospective tenant on the basis of protected criteria. For this reason, it can be best to undertake this process with <\/span>experienced property management help<\/span><\/a>.<\/span><\/p>\n Technically, this is true of residential lettings as well. In practice, however, it\u2019s a lot more significant for managing commercial properties. With residential tenants, you can generally set very firm limits on what they can do in their homes. For anything else, they call you. Commercial tenants, by contrast, usually want, even need, more leeway.<\/span><\/p>\nImplement rigorous tenant selection<\/span><\/h2>\n
Get the paperwork in order<\/span><\/h2>\n