All Forum Posts by: Account Closed

Hey guys, my question is how your fees for commercial properties are structured? All advice and info is appreciated. Thanks for your help guys.

@Derek Carroll: Thanks for the reply Derek, are flat fees more common than taking a percentage of gross income in commercial property?

I've been reading books on property management ( Principles of Real Estate Management, Ultimate Property Manager etc) and am even fortunate enough to receive mentoring from many successful real estate investors and managers. I would like to ask you guys about Commercial Property Management. Is Commercial management easier than Residential Management due to more professional and established tenants? More lucrative due to higher rents? How's business Overhead? I would like to hear about your experiences and opinions on commercial properties. Thanks guys.

Also if you have any reading material to suggest regarding Commercial property management or just property management general that would be appreciated.

@JoelOwens Hey thanks for the info. By "built in costs" do you mean Operating Expenses for the Commercial Property Management business or the Propery Owner's costs?

And from what I have observed from speaking to REMs, they also belive that Commercial Property Management is much more lucrative compared to Residential property. Thanks

Property size would be about 22,000 SF and yes I would do the leasing.

I'm currently getting some help from some firms in my area, appreciate your help man, thanks a bunch!

Hey guys I'm fairly new to BP so I apologize in advance if this question is to blunt or invasive. Anyways, I study real estate management and it's something I would like to pursue in the near future. I want to specialize in Commercial Property Management because I feel that a lot of firms neglect Commercial properties and it's a problem I want to solve. My question is:

Is a $1,000 flat fee for managing a a Commercial property (Retail, Anchor, or Office building) an absurd amount or fair based on your establishments?

(No finder/leasing fees involved)

Thanks Guys and I look forward to learning from you all.