Optimise Your Commercial Property’s Performance with Jones Real Estate
Article | 2min read
by JONES REAL ESTATE on January 23, 2024
Whether you’re a new-comer, or been in the commercial property game for years, choosing the right asset manager to ensure your investment performs at its best is imperative.
Commercial real estate is a $1.3 trillion space, and within this gigantic value-sphere, the role of effectively managing and enhancing the performance of an asset can’t be understated.
The complexities and challenges of managing a property are perpetual, whether it’s balancing rental yield optimisation with tenant satisfaction, or remaining compliant with evolving regulatory and sustainability requirements.
Since we launched in 2019, we’ve grown our specialist Victoria-wide property management division to become a key pillar for our business, servicing all facets of commercial property including industrial, strip and large format retail, service stations, office, medical and more.
Our agency champions five key pillars – integrity, performance, innovation, collaboration and tenacity – which has underpinned our credibility and supported our clients in entrusting us with their managed assets.
How to Choose the Right Property Tenant
Selecting the right tenant and conducting thorough due diligence is paramount for commercial property owners seeking a successful and hassle-free leasing experience.
Nothing can be left to chance when it comes to tenant acquisition, so establishing a clear criterion to identify the ‘right fit’ for your property is the first critical step we can work with you on. This will help support an enduring and prosperous partnership with the building occupant.
Some general areas to consider when crafting these criteria should include a prospects financial stability, as well as the performance of the industry they’re in, their rental history and compatibility with your property type. If you’re looking for a tenant, our agency would be glad to support you with this search.
We have a deep business network and excellent relationships with ASX-listed and other market-leading brands including Wesfarmers, Bunnings, United Petroleum, Oporto, Australia Post and Chemist Warehouse to name a few.
Due Diligence for Property Owners
Conducting credit and reference checks, engaging in open dialogue to understand a prospect’s needs and establish a positive rapport, as well as analysing the compatibility of an applicant with the surrounding tenant mix are all considerations when performing our due diligence activities for clients.
When engaged to help manage your real estate interests, our specialist team of property managers provide regular updates to keep you abreast of changes to regulations.
This includes comprehensively reviewing lease terms and responsibilities when these occur to help you understand any adjustments to your obligations across finances, compliance and maintenances to safeguard your investment and reputation.
Our Approach to Property Management
When you sign with us, your dedicated property manager will work collaboratively with you to ensure all your requirements are heard.
From here, we tailor a risk-adjusted asset management program to suit your specific needs, that will support the steady performance of your property throughout our custody of the asset.
This highly-personalised approach sets us apart from the rest, guaranteeing that all your requirements are heard and understood.
Our end-to-end asset management solutions provide a multifaceted service offering that addresses the diverse needs of both local and international property owners. Listed below are some of the areas our experienced team can support you with:
- Revenue collection, disbursements and financial reporting
- Lease preparation, renewals and compliance
- Maintenance advice and contractor management
- Asset compliance and safety reporting
- Stakeholder relations and liaison
- Insurance advice and renewals
Property Types Jones Real Estate Services
We offer the above property management services across the full spectrum of commercial real estate spanning verticals including:
- CBD and suburban office
- Large format and strip retail
- Hotels and accommodation
- Medical and consulting
The process of transferring your assets to our agency is smooth and hassle-free. Just formally authorise our appointment in writing, then we’ll take care of the rest.
The process is quick and entirely executed by us, at no cost to you.
If you would like to discuss a property management matter, how you can tap into our relationships to source prospective tenants, or enquire about a separate property matter, please reach out to us at firstname.lastname@example.org.