Owning a commercial property in Perth is a lot of work, which is why many property owners rely on commercial property management companies to oversee their property.
But what does commercial property management involve, and is it right for you and your property?
Commercial property management is the process of maintaining a commercial property such as an office, warehouse, or retail outlet. A commercial property manager will ensure the property is kept in good condition and continues to produce income through operations and lease payments.
The main responsibilities of a commercial property manager in Perth revolve around financial services and managing operations, which we have summarised below.
A lot of time and effort goes into ensuring a property can function efficiently and provide the best return. Some of the key tasks in managing the operations of a commercial property in Perth include:
Commercial properties often see a large amount of income and outgoings in various forms.
To keep track of it all, property management companies will provide accounting and financial services to assist the property owner come tax time.
These services include the following:
Property management is invaluable to a busy property owner who doesn’t have the time or resources to regularly attend to their property. If you’re an investor, property management services will help to maximise the return on your investment.
This is especially useful in large Perth commercial strata sites where the property is shared amongst multiple tenants. Commercial strata management includes gathering rent and attending to a variety of needs from numerous companies sharing the same facilities.
Property management is also useful if you’re an investor and don’t live near your property, or you don’t have the knowledge to improve the property on your own.
In fact, if you aren’t experienced in the aforementioned tasks or despise dealing with the financial side of things, a commercial property management company will be your saving grace.
Property management fees are part of outgoings payable by the Tenant as well as:
To identify the best commercial property management company for your property, there are a few important factors to consider:
At Ross Scarfone Real Estate, we specialise in commercial and industrial real estate throughout the South-eastern corridor of Perth. Not only do we provide exceptional property management services, but we can also help you with property sales and investment opportunities.
We provide our clients with top-quality service in an ethical and professional manner, which brings a lot of repeat business and client referrals.
If you’re looking for a commercial property management company in Perth, contact us today.
"*" indicates required fields
Making your commercial property in Perth more attractive to buyers is a great way to increase its value, benefitting both the buyer and you. Whether that be improving the exterior, adding amenities, or changing leasing companies, these are a few tips which could help you out.
This award recognises the best commercial leasing agents in each state by comparing REA data on campaign results throughout 2021.
Which property type should you invest in for 2025? View our past and present analysis of the office, retail and industrial property sectors paired with insight from expert 2025 predictions.
