An industrial property manager, also known as a commercial property manager, is the go-to person for the day-to-day operations of a commercial property. The goal of hiring a commercial property manager is to yield the property owner the best possible return on their investment. To do this, the property manager fulfills the following duties.
As you can see from the list above, a commercial property manager’s duties are quite extensive. Property owners are looking to maintain and increase the value of their properties while maximizing profit from their investments. This becomes a time-consuming feat, especially if an owner has multiple properties and a growing list of tenants.
Below are a few reasons why owners seek the help of a property manager:
Ultimately, a commercial property manager acts as a partner in maintaining an investment property. An excellent property manager possesses excellent negotiation skills, great customer service, has marketing experience, can efficiently direct projects, and is well-versed in managing and reporting the financial performance of a property.
Securing financing for commercial real estate projects can be a complex process, especially when dealing with the specific regulations in Canada. Understanding and adhering to these regulations is crucial to increase your chances of approval. In this article, we will explore key steps and considerations to help you navigate Canadian regulations and successfully obtain financing […]
For four decades, CMS Real Estate has been an integral part of Calgary’s commercial and industrial real estate landscape, providing exceptional services and forging lasting relationships within the community. CMS Real Estate was founded in 1983 when Gerry Macdonald and Tim Casey left a prominent industrial and commercial real estate firm to embark on their […]
Calgary is a major economic hub in western Canada. In recent years, Calgary’s real estate market has been impacted by the decrease in demand for office space in the downtown core. However, the city’s economy has been showing signs of recovery, and the demand for commercial and industrial real estate and commercial property sales are […]
It’s no secret that higher interest rates, inflation, and a competitive market have changed the commercial real estate landscape over the last two years. The rapid increase in rates combined with labour shortages have led to a spike in operational costs and have made owning and renting property more expensive. While we have very little […]
At CMS Real Estate, Owner and President Gerry Macdonald is a Certified Commercial Investment Member (CCIM), an industry-standard that places members as some of the most advanced commercial real estate investment specialists anywhere. Fewer than 10% of commercial real estate investors and advisors hold the CCIM distinction, making it a valuable and noble acronym to […]
According to the Canadian Condominium Institute (CCI), Condominium Corporations are able to seek recovery of the deductible portion from an Owner for damages that originates from the Owner’s unit or privacy area, up to a maximum of $50,000 and regardless of proven negligence. This major change has been in effect since January 1, 2020. What […]
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