Commercial vs Residential Management with Andrew Russell from Mark Hay Realty Group Artwork

PM Collective - The ART of Property Management

The Art of Property Management is where the real conversations happen. The ones about leading without enough support, building portfolios and careers, and staying relevant in an industry that doesn't slow down for anyone.

Each episode, Ashleigh Goodchild brings her 25+ years of on-the-ground experience and some of the sharpest minds in the industry to talk about what it actually takes to build a property management business that lasts. The challenges, the director dynamics, the moments that nearly broke you, and the ones that changed everything.

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PM Collective - The ART of Property Management

Commercial vs Residential Management with Andrew Russell from Mark Hay Realty Group

May 09, 2022 • Ashleigh Goodchild

0:00 | 24:12

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Andrew Russell, Commercial Property Manager & Business Development Manager at Mark Hay Realty Group, joins today's episode of PM Collective to share his perspective on commercial property management, explaining what it entails and why it is a feasible alternative for a property manager in need of a break.

[00:22] Andrew's Background – Starting the conversation, Andrew shares his background. Moreover, he outlines his perfect day and how he divides his time.

[03:36] Commercial BDM – Andrew speaks about the role of commercial BDM. Moreover, he discusses whether commercial management is easier for a property manager than residential.

[06:31] Commercial Tenants – Andrew explains the issues why a commercial tenant would need to contact the owner or agency.

[07:40] How Many - Andrew mentions what would be considered a good portfolio for a commercial manager to handle.

[09:03] Wages - Andrew agrees that commercial property managers are compensated more than residential property managers. Also, he expresses his opinion that commercial management would be an excellent alternative if a residential property manager is experiencing burnout.

[17:49] Management Transfer - Andrew describes how he performs the management transfer procedure.

[19:41] Lead Generation – Andrew discusses the source of his new commercial or residential leads.

Resources:

Connect with Andrew:

LinkedIn: linkedin.com/in/andrew-russell-34375730/?originalSubdomain=au

This podcast is sponsored by PropertyMe.

Australia's #1 Property Management Software. www.propertyme.com.au

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