Commercial Real Estate Management and How to Earn Tenant Loyalty - PowerPoint PPT Presentation

Loading...

PPT – Commercial Real Estate Management and How to Earn Tenant Loyalty PowerPoint presentation | free to download - id: 7a6367-YmIzM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Commercial Real Estate Management and How to Earn Tenant Loyalty

Description:

The property owner can also introduce a reward program for loyal tenants, as a part of commercial real estate management in order to motivate the tenant. – PowerPoint PPT presentation

Number of Views:9
Slides: 8
Provided by: John9998
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Commercial Real Estate Management and How to Earn Tenant Loyalty


1
Commercial Real Estate Management and how to earn
tenant loyalty
2
How to Earn Tenant Loyalty
  • A healthy relationship between the landlord and
    the tenant is the key to profitability when it
    comes to commercial real estate. Property owners
    need to understand the fact that just leasing out
    commercial property to a good tenant is not
    enough for maximizing returns from the property
    the retainment of the tenant for a considerable
    period of time is important as well. A permanent
    tenancy not only saves the expenses of inviting
    fresh tenants, but also steadily increases the
    value of the property.

3
(No Transcript)
4
Here are a few ways that property owners can earn
tenant loyalty
  • 1. Consistent dialogue
  • The property owner needs to maintain a regular
    dialogue with the tenant. The landlord should
    listen to the grievances of the tenant with care
    and provide assurance to solve them. This helps
    in winning the trust of the tenant.
  • 2. Liberty
  • The tenant should be provided a certain degree of
    liberty in taking minor decisions regarding the
    property. Although the terms of the lease
    dictates the rights and responsibilities of the
    tenant and the landlord separately if the tenant
    expresses desire to bring certain changes in the
    structural and operational aspects of the
    property, the landlord should be lenient enough
    to permit the tenant to do so, unless the change
    causes any kind of loss to the landlord.

5
Here are a few ways that property owners can earn
tenant loyalty
  • 3. Involvement in developmental decisions
  • A tenant who has been occupying the property for
    quite a few years can be safely involved in the
    decision making process regarding the development
    of the property. Suggestions of the tenant should
    be considered with attention, which would
    generate a sense of belongingness in the tenants
    mind.
  • 4. Rewards
  • One of the best ways of maintaining a decent
    relationship is through rewards. Small and
    thoughtful gifts on occasions of festivals or the
    like greatly helps the tenant in developing an
    emotional attachment with the tenancy. The
    property owner can also introduce a reward
    program for loyal tenants, as a part of
    commercial real estate management in order to
    motivate the tenant.

6
Here are a few ways that property owners can earn
tenant loyalty
  • 5. Routine inspection of the property
  • The landlord should pay regular visits to the
    property or entrust property managers like
    Madison Properties to do so. Any damage or
    resource shortage should be immediately
    addressed. The landlord should also take the
    initiative to solve any issue involving the
    common maintenance area.

7
  • Contact us for more information on
  • Madison management and commercial real estate
    management
  • Connect us through
    http//madisonprop.com
About PowerShow.com