Tips for managing your commercial property investment

• Build a rapport with your tenant
• Inspect your building periodically
• Issue rent invoices ahead of the due date
• Take quick action if payments are late; having consulted with the tenant first about the payment delay
• Respond to tenant queries as quickly as possible
• Diarise lease events, break clauses, decoration cycles
• Organise building insurance on time and competitively using a broker
• If you employ contractors make sure they have relevant insurances (public liability and employers) before instructing works
• If there is a service charge make sure interest accrues to the benefit of the fund, thereby reducing tenant bills
• Prepare a service charge budget and organise year end accounts in a timely fashion. Be transparent

Finally, if this is not for you then our Property Management team would be delighted to help.