What are commercial managing agents?

Commercial managing agents are individuals or companies which run and manage the day to day ongoing of a commercial property on behalf of a landlord. Essentially, a commercial managing agent will take responsibility of the general management of a property. Performing tasks such as rent collections, tenant obligation enforcement and service charge administration.

What do commercial managing agents do?

Commercial managing agents carry out key activities on behalf of a landlord or property owner. Service charge administering, rent collection and services of notices are all part of a commercial agents role.

From retail parks to small office units, depending on the competency of the managing agent, commercial managers cover the whole sector and assist landlords all over the UK in the management of their commercial assets.

Commercial managing agents will oversee the management of an asset and report back to their client on regular intervals. Always keeping a landlord or commercial owner in the loop is a mandatory task as an agent.

Why use a commercial managing agent?

Time

The vast majority of landlords and commercial property owners also have their own businesses or jobs to attend to and simply do not have the time to effectively manage their property without sacrificing commitment elsewhere. Without proper knowhow and experience, a landlord may find their commercial asset taking up huge swathes of time due to inefficiency. Many landlords will select a reputable managing agent and check in monthly or weekly with them to stay up to date.

Stress

Going hand and hand with the previous point is stress. If a commercial property isn’t managed correctly the knock on effect can be both stressful and expensive. Landlords want their assets to work for them and many do not purchase commercial real estate for the added stress. Instead they delegate the work to a managing agent for a fee and let their investments run parallel to their personal lives.

Expensive

If a commercial property isn’t managed correctly, hidden costs and inefficiency can cause a commercial asset to become that slightly bit more of a liability. Managing a commercial property is about being pro-active and efficient, some inexperienced landlords end up paying the price for self managing their property without the correct experience or knowledge. Many landlords will choose a commercial managing agent and pay the fees to ensure their asset is in the right hands when it comes to minimising expenditure.

Where to find a commercial managing agent?

Many commercial real estate agents and consultants tend to offer some kind of management service on commercial assets, and finding any commercial managing agent isn’t that difficult. A quick google search or flicking through a directory will yield some results, however, finding a good or great commercial managing agent requires a slightly deeper look into a commercial services firm.

Never go with the first or most local commercial managing agent. Check reviews and enquire with a few different firms asking what they currently manage and their experience. Great managing agents will have a track record and relatively large management portfolios with a history of success and efficiency. Reviews are a great tool to analyse this.

Does Shepherd Commercial provide commercial management services?

Yes.

We have nearly 20 years as an organisation providing commercial property management and receive large amounts of instructions for management through our acquisitions and disposals team. We have a track record of success and significant amounts of our landlords whom we act behalf of choose to instruct us on further properties within their portfolio. Rooted in the West Midlands and having great experience and knowledge of the area, our management team are efficient, direct and responsive when it comes to managing commercial assets. Combining our knowledge with leading tools and software, we push the boundaries on industry leading commercial property management.

Don’t just take our word for it. Check out our services page, google reviews or call us on 01564778890 to discuss. We’re always here to help and answer any questions.