Goadsby Knowledge Hub

Tips for managing your commercial property investment

Updated: 20 June 2017
  • 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.

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