Questions to ask your commercial property manager before hiring
A good commercial property manager can save you a lot of time, hassle, and money in terms of managing your tenants. Here are some key questions to ask to make sure you hire a good one. The answers will tell you everything you need to know before you make your hiring decision.
What other Mount Isa commercial properties do you manage?
A good Mount Isa commercial property manager should have a long and diverse list of local clients. Commercial property management includes any of the following:
- industrial/warehouse space
- retail space
- office space
- accommodation complexes
- commercially zoned land.
The commercial property manager you choose should have plenty of experience of managing local commercial properties and a track record of attracting high quality tenants. You can check out some of our recently leased Mount Isa commercial properties here.
A good commercial property manager should also be able to provide you with plenty of reviews and testimonials from satisfied commercial property landlords.
How do you source tenants?
A good local commercial property manager will have a network of contacts and will also market your property extensively both online and in-person to attract maximum potential tenant interest.
Do you have specialist commercial property managers?
Some real estate agencies combine residential and commercial property management services. This is problematic because they are vastly different markets with vastly different requirements, including different legal requirements.
We have specialist commercial property managers at Jays who can provide you and your property with the focus you deserve.
How will you ensure my compliance with commercial property legislation?
Our commercial property team understands all of the key provisions of the Property Law Act and the Retail Shop Leases Act that govern all commercial property leasing arrangements in Queensland. We will be able to explain all your legal obligations to you.
In addition, we’ll also be able to explain all your legal rights. The legislation is in place to protect the rights of both commercial property landlords as well as their tenants.
How often will you inspect my commercial property?
Regular property inspections help to ensure that your tenants are looking after your property. This is especially important if you are a commercial property landlord who is based out of town.
How do you handle repairs and maintenance requests?
It’s important for a commercial property manager to review tenant repairs and maintenance requests for two reasons:
1) to make sure that they are genuine.
2) to assess whether or not they are the landlord’s responsibility or not (they will often be the tenant’s responsibility under the provisions of many commercial property leases).
If your property manager assesses that the repair or maintenance work is needed, it’s also important that:
- quotes for the work from reputable service providers are obtained
- quality work is carried out as soon as possible
- both you and your tenants are kept fully informed throughout the entire process.
What commercial property management services do you offer?
A good Mt Isa commercial property manager should be able to provide a full range of services, including:
- potential tenant sourcing
- potential tenant screening
- potential tenant inspections
- lease negotiation
- lease preparation
- tenant liaison and communication
- rent collection
- the payment of any ongoing property expenses that aren’t the tenant’s responsibility
- arranging approved repairs and maintenance requests via high quality tradespeople
- regular property inspections and condition reports
- market rent appraisals prior to lease renewals to maximise the return on your commercial property investment.
If you’re thinking about leasing, selling, buying or renting any Mt Isa property, or you need your property professionally managed, then contact our team today for an obligation-free chat!
We’d be happy to provide you with advice and to answer any property questions you have.