Skip to main content

5 Ways to Become a Better Commercial Real Estate Landlord


These days, being a commercial real estate landlord is tough. As business gets more diverse, it’s not easy to upkeep, manage and overlook commercial properties and their tenants. Whether you own a multifamily, office, or retail property, perfecting the role as a landlord can elevate your asset to a whole new level.

Fortunately, there are strategies that can help overcome the industry’s prominent pain points and boost the CRE landlord workflows.

If you’re ready to improve and upgrade your commercial landlord skills, check out these 5 winning tips:

Get Tech Savvy

Technology is here, and at this point, there’s really no way around it.

Commercial landlords need to embrace the latest cutting-edge technologies that are dominating the field and reshaping the industry as a whole. Not only will it make the day-to-day tasks easier, but it will also appeal to contemporary tenants who expect tech to be a part of their landlord’s process.

Don’t lag behind - fuel your commercial property with the tools necessary to succeed in today’s competitive marketplace. Smart technologies, IoT, and data analysis servers are all great ways to bring your landlord workflow into the present.

Check-In With Tenants

Communication is key. Today’s tenants want to feel understood, respected, and most of all - heard. Landlords can benefit greatly by opening up a channel of communication between the tenants and property management.

Consider sending a bi-weekly or monthly email to touch base with your tenants, cover any pressing topics, and ensure that everything is going well. Remember, you don’t want to be overwhelming - but you don’t want to seem absent, either.

Consider Going Paperless

Making the decision to go paperless can save landlords time, money, and energy - especially when it comes to commercial properties. Going paperless is a great way to stay organized and consolidate all of the piles of paper into one neat and easy-to-access gateway. Plus, you’ll be doing something positive for the environment by cutting down on consuming paper products - the majority of which gets wasted the very same day.

Create a Community Around the Property

In today’s world, it’s all about community.

Commercial landlords can go beyond a mere property-based module by creating a community around their assets. Since many commercial properties, such as multifamily or office, are home to multiple tenants; everyone can benefit from cultivating feelings of togetherness and solidarity.

Happy tenants usually mean a happy landlord, so it never hurts to go out of your way to improve the tenant experience. Establish a community culture around your properties to boost tenant enthusiasm and engagement. 

Keep it Simple

Sometimes, it’s the simple things that yield the best results. When it comes to being a commercial landlord, don’t over-complicate things.

At the end of the day, the most important point is to ensure that the property is running smoothly, the tenants are satisfied, and you’re not overwhelmed by the workload. In today’s world, commercial property owners can greatly benefit from being flexible, patient, and understanding.

Employing these strategies will help commercial landlords remain current amidst the changing tides of contemporary business. 

Comments

Post a Comment

Popular posts from this blog

Will Tech Replace Humans in CRE Valuations?

Real estate has always been one of the more traditional fields; one that has often been minimally changed by evolving technology and heavily reliant on human interaction. However, in the last 5 years or so, technology has seemed to seep into every profession, including real estate.  This has mainly been a positive advancement—allowing brokers to reach more potential clients, be more efficient in closing deals, and allowing paperwork and contracts to be virtually delivered, signed and cataloged. This all sounds amazing, but many are concerned that technology will eventually replace human jobs. One question asked is if new and expanding technology will ever replace the “human element” in commercial real estate, specifically in the appraisals and valuations area.  In short, the answer is no—but let’s see why and how technology can still be a valuable addition to CRE valuations andappraisals . Why Won’t Tech Phase Out Humans In Valuations? Valuations are heavily
Post a Comment
Read more

Delaware Industrial Properties For Lease - September 2020

INDUSTRIAL FOR LEASE Industrial For Lease 12 McCullough Drive New Castle, DE 19720 More Information   Industrial For Lease 18389 Olde Coach Drive Rehoboth Beach, DE 19971 More Information   Industrial For Lease 20 Corporate Circle  New Castle, DE 19720 More Information Industrial For Lease 230 Executive Drive Newark, DE 19702 More Information   Industrial For Lease 243 Quigley Blvd New Castle, DE 19720 More Information   Industrial For Lease 245 Quigley Blvd New Castle, DE 19720 More Information Industrial For Lease 250 Corporate Blvd Newark, DE 19702 More Information   Industrial For Lease 250 Executive Drive Newark, DE 19702 More Information   Industrial For Lease 256-282 Quigley Blvd New Castle, DE 19702 More Information Warehouse For Lease 3037 Bowlerama Drive New Castle, DE 19720 More Information   Industrial For Lease 340 S. Market St. Wilmington, DE 19801 More Information   Industrial For Lease 344 Churchman's Road New Castle, DE 19720 More Information Industrial For Lease 4
Post a Comment
Read more

NAI Emory Hill Sells Warehouse During Pandemic

Wilmington, DE – NAI Emory Hill ( www.naiemoryhill.com ) is pleased to announce the sale of 3 James Court in the City of Wilmington, a 23,000 SF Industrial Building with dock and drive in loading. 3 James Court located off of South Market Street, between the new Christina River bridge and the 76ers field house and in a federally recognized QOZ .  Tim Plemmons and Neil Kilian, of NAI Emory Hill, represented the seller in this transaction. Senior Associate Tim Plemmons commented, “an increased demand for industrial buildings like 3 James Court coupled with a low interest rate environment makes now a compelling time for owners of industrial buildings to liquidate and get top dollar.” The quick sale of 3 James Court highlights the power of the team approach at NAI Emory Hill. Neil Kilian, Principal at NAI Emory Hill, noted, “Our high-powered marketing approach actually coincided with the start of the pandemic, nonetheless, we generated multiple competing offers which led to above ask
Post a Comment
Read more