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There are a lot of commercial buildings in Singapore that are available for lease or for sale. However, you should be able to know how to choose or how to find the right one in order for your business to prosper. Target market and accessibility are just two of the things you need to consider in looking for a business property that will suit your business needs.
How to Look for a Business Property in Singapore
- Get in touch with a real estate agent. You will be able to find one through your friends, through the web, or through referrals from some people. Ask the agent for the properties available in Singapore. More often than not, he will ask you what kind of property you are looking for and he will give you options.
- Browse through various ads in the local newspaper or magazines. Their classified ads will be able to help you on the thing you might just need. If you find one, get the location of the property and contact number. Request for an appointment to view the property.
- If you have a location in place, it is advisable that you take a drive around the area and look for available properties. If there are none, you can actually talk to the owners of the business properties in the area and ask them if they are looking to lease or sell the property in the next couple of months. If they are, then exchange contact numbers with them.
- Another good venue to look for available business properties nowadays is the internet. Most real estate companies and other businesses usually have their own websites to keep up with the latest consumer trends. You can also look for their pages on social networking sites since most of them usually post available properties for sale or for lease to attract customers.
Real estate management or also known as property management is the control, oversight and operation of a real estate in its most broad terms. This involves the personal property’s management and those that are also needed to build, keep up, and repair the asset. This also involves the process, systems, and the staffing requirements needed to manage the property also including the acquisition, accountability, control, maintenance, responsibility, disposition, and use.
There are roles in becoming a real estate manager and these include the following:
- They are responsible in handling the financial operations of the property.
- They also are responsible in collecting the rent/
- They also are responsible in sending out notices for those who have delinquent rents.
- They are also responsible for preparing and maintaining the financial statements of the property.
- They are also responsible in updating the owner on the property’s status.
- They also tell the owners about the leases expiration dates, occupancy rates, and any other issues.
- They are also responsible in advising the owners on how much they should charge as rent.
- They are also responsible for collecting the association and the home owner’s association fees.
- They also negotiate the contracts for janitorial, landscaping, security, trash removal, and other services.
- They also negotiate the contracts for the property’s purchase or lease.
- They also negotiate the sale of the property or termination of the property’s lease.
- They also consider the different factors like the property’s value, zoning, transportation, taxes, population growth, and traffic volume and patterns.
- They also plan and direct the development and sale of the real estate property in behalf of the investors and businesses.
- They also supervise the maintenance staff with their work.