Can someone give me a rundown on a average day as a Commercial property manager? No good videos on youtube
Thank you
[{"id": "hbjd96b", "text": "I worked in commercial for most of the last 10 years but currently doing retail Centre Management in Australia so YMMV. \n\nNo two days are the  same but generally follow a monthly cycle. Early in the month focus is on issuing reporting from previous month, financials are system generated but still require commentary. Period close dates can vary but most issued in the last / first week of each month. \n\nArrears collection  starts first of the month and tapers off as more collections come in. Can get busier later in the month as you may have conversations around solicitor's issuing formal breach notices / lease terminations but this is rarer currently due to poor leasing market so mostly it's chasing tenants again again again. You know exactly who each month.\n\nSecond week or so you may handle lease renewal/ negotiations or may have leasing agent. Legislation requires notices issued so complete this months plus follow up any outstanding. Rent increases calculations need to be checked / ensure entered.\n\nYou may have a facilities manager or have to do yourself. Inspection frequency varies from weekly to quarterly depending on building / contract. Detailing maintenance required  risk items that need attending ie tripping hazards.\n\nThird week is reviewing and issuing tenant invoices. Checking for outstanding ontractor invoices. Issuing breach notices if required for non payment of rent.\n\nAt any random point:\nstuff breaks and you have to organise  someone to fix it. Can be so arguments over who pays for it under the lease. \nPeople want to sell their business so you assess incoming purchasers suitability.\n\nMostly it's a lot of interacting with people and reporting. Varies greatly based on the calibre of the building you're looking after which dictates the calibre of the tenant you have.\n\nGenerally speaking my job is hard but awesome. I'm never bored. Have a high degree of autonomy and freedom to structure my day / work load. Very few intra day deadlines more weekly/ monthly / annual targets to work towards so you ramp up and down at different times. Biggest stress is wondering what's going to get me / my client sued today. Know your Legislation know your leases and action items promptly and nothing to worry about, insurance covers the rest.", "replies": [], "depth": 1}, {"id": "hbjj9qa", "text": "Agree with u/JustLetMeReadOne. Slight variations if you\u2019re third party or part of a vertical/integrated company. \n\nHit me up if you want with specific questions. Based in the SF Bay Area. Done office and currently run a group of PMs for a value add industrial group.", "replies": [], "depth": 1}, {"id": "hbldojy", "text": "Phone calls all day with people needing things from you urgently at every building you manage.", "replies": [], "depth": 1}, {"id": "hceh82b", "text": "Dealing with complaints every day. Nobody calls you say that you\u2019re doing good job.", "replies": [], "depth": 1}]