5 Top Tips for Successful Commercial Property Management

Are you wanting to become a successful commercial property manager? At Fisher Wrathall, we have extensive knowledge of the real estate industry, with experience handling the sale, letting and management of all commercial property types.

So, how can you become successful in this field? Here, we have compiled a list of five top tips to help you kick-start and achieve your success.

Exceptional Maintenance

One of the first things an individual will judge a building on is its appearance, so delivering exceptional maintenance is a high priority. Companies focus on motivating their workforce, boosting morale, and presenting an attractive company image, and a rundown building is the opposite of what they want. Well-maintained properties appear professional and presentable.

There are numerous areas of the property to check, ensuring it is in pristine condition, these include;

  • Walls
  • Flooring
  • Plumbing
  • Fixtures
  • Furnishings

Understanding of the Latest Technology

It is vital for property managers to understand how technologies work and anticipate any problems which may arise, so they can quickly offer solutions for their clients. By getting technologies before any competitor, it offers a highly effective way to attract higher paying clientele. This technology can range from security cameras to motion sensors to smart locks.

Upgrade Regularly

It is important for commercial properties to keep up to date with the times, offering clients the latest and greatest features, this includes secure surveillance and alarm systems.

Businesses thrive when they can rely on compact solutions, especially if their places of work can take care of much of the hassle of the day-to-day maintenance.

Effective Communication

Effective communication is vital for any business and career, and for your services to be successful, there needs to be a clear path for two-way communication between the tenants and the commercial property management team.

Property management often comes down to dealing with individuals, so excellent people skills and patience are all desirable traits to have.

Going Green

Intelligent and green buildings are the new doorway for commercial management property success. This new approach appeals to environmentally-friendly corporations, with economic benefits also. This keeps you ahead of regulation and legislation changes as businesses are expected to go greener. LEED-rated projects have energy-efficient layouts and low operating costs, which attracts cost-conscious business minds. So, going green is a highly positive factor for property managers.

Our Commercial Agency Service

Our efficient and professional service is combined with advice from experienced RICS Surveyors who have a wealth of knowledge of local contacts and markets within the Lancaster, Morecambe and surrounding district areas. Here is what you can expect from us:

  • Free market appraisal and initial consultation
  • Preparation of professional sales particulars
  • Extensive online advertising on our website and Rightmove Commercial
  • On site marketing board
  • Accompanied viewings
  • Proactive, tailored marketing via our extensive local knowledge and contacts
  • Negotiation with potential buyers/tenants
  • Personal service and professional advice throughout the sales and letting process

We can provide you with friendly and professional advice on any property matter. Please do not hesitate to contact our commercial and professional team on 01524 69922, to learn more about our services and how we can help you become a successful commercial property manager.

Alternatively, if you are an individual looking for flats or houses for rent in Lancaster, we can help you find your ideal property. Simply ring our residential sales team on 01524 68822 and a member of our team will be happy to help.

 

Landlords: What do You Get with Our Services?

Are you thinking of letting a property? At Fisher Wrathall, our knowledge of the real estate industry can help you to fully enjoy the experience of being a landlord – as can our services. Being prepared to become a landlord means being aware of your rights and of all options you can receive when you choose us to let your property. (more…)

The Guild of Property Professionals: Who, What, Why?

The Guild of Professional Estate Agents and its numerous member offices operate from the prestigious park lane in Mayfair. The showrooms offer many benefits alongside unprecedented access to the lucrative London and Investor Market.

Fisher Wrathall is honoured to be a member of the Guild of Property Professionals, which means our clients and ourselves reap the benefits. So, who are the Guild and what do they mean for Fisher Wrathall and all our customers?

Who are the Guild of Property Professionals?

The Guild of Property Professionals is a UK wide network which includes around 800 independent estate agencies and letting agencies They aim to support independent agencies in whatever way they can, assisting them in thriving in their local communities.

Not only do they provide assistance to their members, but they also provide specialist training and schemes alongside other services.

It is a great honour to be a part of the Guild, as they only appoint one member per town. We are proud to be the only member in the local area.

What Edge Does This Give?

They offer competitive advantages and unique selling points to their members which enables them to increase your market share and increase your opportunities.

They give all members a competitive edge through their proven market strategies and tools, their support, business solutions and additional streams. Their trust and confidence in their practices alongside their presence and profile alone give an advantage whilst still maintaining their individuality in their own business structure.

How Will Your Property Be Presented?

As a member of the Guild of Property Professionals in Lancaster, all our clients get the added benefits. When selling or letting your property through our services, your property will be visible on the state of the art, external touchscreens which are located at the front of the prestigious showroom on Park Lane. This provides 24/7 viewing and access to the public at all times.

In addition to the external touch screens, your property will also be displayed on the walls within the property centre.

The staff at Park Lane are highly skilled, knowledgeable and trained to the highest of standards in assisting buyers to locate suitable properties. They are sure to provide sufficient details on your property to raise interest. They also make sure they follow up any enquiries and communicate this directly back to us at Fisher Wrathall.

How Will It Help You Sell Your Property?

The exceptional location of the Guild is a benefit alone, but with its extremely professional staff and over 30,000 properties for sale at any one time, its not surprising that they bring in significant interest from affluent national and international buyers. You never know who could see your property as their dream home.

If you would like to find out further about The Guild of Property Professionals, you can visit their website here.

Using a Guild Member to sell or let your home gives you an extra peace of mind, alongside the access to added knowledge, integrity and above all, results. Finding the perfect property partner will give you confidence in your decisions and will certainly cut out any unnecessary stress.

If you are looking for an estate agent in Lancaster who can deliver the best results for you, then one such as Fisher Wrathall, who is a member of this elite group, could truly benefit you. If you would like further information on how Fisher Wrathall can help to sell or let your property, simply get in touch with our friendly team who will be more than happy to help.

 

What You Need to Know Before Letting Your Property

Being a private landlord  can be a lucrative business, and with a residential property lettings specialist at your side, it can even be relatively simple. At Fisher Wrathall, we have over 40 years’ experience, and we have provided our services to both domestic and commercial landlords, Lancaster over the years.We wish to share the knowledge and experience we have built up over the years, helping you to navigate the challenges that come with being a landlord.

If you are thinking about the rental possibilities of your property for the first time, read on to find out how you can prepare yourself.

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Top Tips for Landlords: Choosing the Right Letting Agent

There are many things you should know before you let your property, such as choosing the right letting agent for your needs. For any landlord, the prospect of finding the perfect letting agent can be challenging, yet rewarding. Whether you have a single rental property or a large portfolio of properties, the knowledge, expertise and experience of a letting agent can make a significant difference to your journey of letting.

Everything from finding tenants to running the ongoing tenancy and everything in between can be made much easier with the helping hand of a letting agent, most importantly while you fulfil all the legal obligations.

As a result of the thriving industry we see today within lettings, you are likely to find more than one letting agent in your area, so how do you choose the right one for you?

Fisher Wrathall have some essential tips for any landlord looking to find the right letting agent for them. Follow these four guidelines and you are sure to find the perfect letting agent to fit your requirements.

Costs and Fees

Perhaps one of the biggest issues which many landlords face when dealing with a letting agent is the fees. Some agents may also put fees in the small print so be sure to thoroughly check all the terms and conditions.

An honourable letting agent will be honest, upfront and open about all their fees and will break down all the numbers for you, however, it should also be clearly written in a digestible way in the service contract.

Be aware of the tenancy renewal fee for landlords, if any, as a good letting agent will not force these charges. However, some will. Be sure to ask about this when visiting a letting agent.

Other types of fees to be aware of are the admin fees and the reservation fees. While you will most likely not find a letting agent, which doesn’t require some form of admin fees, it is still worth enquiring about how much the letting agent charges tenants, as well as the landlord.

You should aim to choose a letting agent which is upfront with their fees, as this could reflect the rest of your experience with them. At Fisher Wrathall, we are open with all our landlord fees. You can view a breakdown of each level of service we provide, at what price and what is included here.

Reputation and Regulations

No matter the size of the area you are planning to find a letting agent within, reputation and regulations are everything.

Make sure you do your research on the letting agent you are thinking about going to, but not just online. Word of mouth is just as important as well as reviews, and testimonials.

Any established letting agent will already have a solid reputation and a positive one at that. If possible, talk to other landlords who have used the letting agent’s services. Facebook is also a great place to see some reviews.

If a letting agent has ever provided a less than high-quality service, or likewise an exceedingly good service, it is sure to be written online somewhere.

Not only is reputation key but making sure that your chosen letting agent abides by rules, regulations and the law is vital.

Make sure the letting agent you choose is associated with higher professional bodies such as ARLA and RICS, as well as The Property Ombudsman in Lettings. This way you know that your property is being handled by experienced and skilled professionals.

If you want to ensure reliability and professionalism you could choose a letting agent which is a member of a prestigious office such as The Guild of Professional Estate Agents in Mayfair.

Timing and Image

Any good agent will have a quick vacancy fill rate, however its worth asking the letting agent how long the current time is on average to fill vacancies as it can vary.  It is always good to get a benchmark figure.  If you need a quick turnaround time its best to make this clear so they can’t take on anything which can’t be achieved.

While timing is a critical point to secure, the image of the letting agent is just as important. Presentation is everything when it comes to letting your property and as a landlord, you want to reflect a good image for your tenants.

You will most likely get a feel of the letting agent once visiting them at their offices, alongside their verbal manner and level of customer service.

Take into consideration other factors of the letting agent such as opening times of the agency, their branding, the quality of marketing and their website, level of service, response rate and the types of customers they usually attract.

Tenant Type and Structures

Tenants vary- some are better matched to certain properties and landlords. A good letting agent will find out exactly what type of tenant you want in your property, such as tenants with pets or single tenants, accepting DSS, families etc. If the agent doesn’t ask these types of questions before you agree to work with them, make this clear.

Find out what the letting agents structure usually looks like. What are their processes? How flexible is their price structure? Don’t forget that everyone is trying to keep costs low, so how prepared will the letting agent be to break down any costs, or potentially even craft you your own package?

A high-quality letting agent will offer a variety of service and will make sure they cover your requirements; however, each level will have its own price tag. Choose the right letting agent that has the right structure and service for you.

Fisher Wrathall is a dedicated letting agent and one of the most respected leading agents in Lancaster and the surrounding areas. If you are a landlord and on the search for the right letting agent for you, we would love to discuss your requirements. With our array of lettings services, we are proud to say we can cater to your needs. To take the worry out of letting, you can get in touch with our team today who will be more than happy to have a chat.