Property management for commercial real estate

Real estate industry fields of activity

• Differences and overlaps in facility, property and asset management.
• Consider process optimizations in PM.

Tasks of the Property Manager

• including the benefits of space management.
• Monitoring real estate performance with regard to investor objectives.
• Support with due diligence audits.
• Cooperation with property accounting, AM/FM.
• Operational real estate controlling.

Strategic guidelines for asset management

• Implementation of the specifications by PM.
• Yield-maximizing tenant support.

Letting management: Letting strategies, optimizing rental agreements

• Strategic tenant acquisition and retention, developing letting strategies, optimizing the tenant mix, cooperating with brokers.
• Recognize and reduce vacancy risks at an early stage.
• Drafting cost/benefit-optimized rental agreements, carrying out rent adjustments.
• Exploit the scope for negotiation in the interests of investors.

Property accounting: requirements for transparent operating cost accounting

• Coordination with property accounting.
• Tenant-specific costs charged on during the year.
• Requirements for economical and transparent operating/heating cost accounting.

Controlling: managing property performance

• Analysis of the income/expense situation for commercial real estate.
• Rental changes: Communicating yield effects for investors.
• Analysis, evaluation of facility service providers: Key figures for controlling facility management services.
• Budget preparation, reporting.

Optimize processes and procedures for important interfaces