REGIONAL CENTRE MANAGMENT Co
(a wholly owned subsidiary of Daedalus Marketing Pty Ltd)
Small to medium sized regional shopping Centres, strip shops groups and arcade style mini centres are, by their very nature, difficult to run and operate cost effectively, difficult to keep fully tenanted and difficult to eradicate delinquent tenants.
There are a number of reasons for this but primarily they are:
- Single or in many instances no major anchor Tenant/s
- Gross letable area
- Tenant mix
- Gross achievable income
- Age and or style of the centre
- Onsite management not economically viable
- Incorrect commercial lease arrangements
- Marketing (or lack thereof)
- Poor Tenant management
It is an unfortunate reality that many Owners opt for either managing their asset themselves or hand it over to a local real estate agent to “manage” for them.
The obvious problem here is that usually the Owner is time poor and has limited to no centre management experience or skills and the local real estate agent generally has even less.
The end result then is a frustrated Owner with an underperforming asset.
So what’s the answer?
RCMCo specialises in all aspects of running and operating small to medium sized region shopping centres for and on the behalf of their Owners. Given that’s all we do we have considerable experience in all of the key elements that usually make the difference between a hassle free, fully tenanted, profitable asset or NOT.
RCMCo has the staff, infrastructure, management, systems, procedures, knowledge and hands-on experience to ensure that your asset performs not only cost effectively, but to its optimum potential.
Some of the key areas that we focus on are:
- General day-to-day operations
- Leasing (finding Tenants, negotiating leases, raising lease docs)
- Marketing, advertising, promotions
- Tenant management
- Contracting (cleaning, security, events, etc)
- Centre administration
- Budgeting, accounting, debt/rent collection, bookkeeping
- Industry standards and statistics
- Centre refurbishments, rebranding and market repositioning
- Centre sales (buying and selling)
RCMCo is based in Tamworth, in regional NSW, where our team of professionals manage a range of small to medium sized properties across the region. We manage these assets not by remote control but hands-on in all respects. It is this hands-on specialist approach that makes the difference.
There is a range of options (and therefore costs) regarding the management of your asset and the only way to determine what is the best and most cost effective option for your particular set of circumstances is for the RCMCo team to complete a 100% cost and obligation free snapshot analysis of your asset.
Once we know and fully understand what you have, and what needs to be done with it, then we can offer you a comprehensive asset management plan tailor-made for you.
So what do you have to lose?
With no cost or obligation, pick up the phone or use our handy Contact Form so we can be in contact, meet, assess and develop a cost effective plan that will work.