LJH Commercial

LJ HOOKER COMMERCIAL MACARTHUR 019 Identifying emerging trends Commercial asset managers know the evolving demands of tenants, the challenges they face and what facilities and incentives convince them to commit to a lease. In addition to collecting rent, commercial asset managers develop strategies to ensure the long-term worth of investments. They understand the pain points and opportunities across various business sectors—including retail to medical, education to logistics, and all operators in between. With this knowledge, a commercial asset manager can help provide marketing and advisory services that attract premium tenants. In turn, this can position your investment for long-term worth and appeal in the marketplace. Developing an asset protection plan Creating an asset protection plan is a perfect example of long-term insurance. It can prepare you for surprising, complex or unforeseen issues, such as bankruptcy, sharp downturns in the value of your property, or on-site accidents for which you could be liable. When protecting yourself from a legal stand-point, it’s always important to have a strategy in place which can be implemented to address unforeseen legalities. Developing a strategy after something has gone wrong is pointless, and it pays to be proactive when dealing with commercial property. Managing repairs and maintenance A landlord is often expected to cover maintenance, such as landscaping and air-conditioning, and repairs including car park sealing and burst water pipes. Investors commonly have their own jobs or businesses, making it hard to manage their investments at the same time. Having a specialist commercial asset manager who coordinates competitively-priced contractors can help keep your investment in good condition—ensuring you retain happy tenants as a priority in today’s landscape. Ensuring you remain safe Legislation and regulations that affect commercial property require specialist knowledge. Often, leases for retail properties are governed by different legislation to offices, warehouses or factories. Commercial property specialists keep ahead of the changes in legislation and regulation so you don’t have to. They’ll highlight emerging risks so you can think about appropriate strategies to protect.