With one eye on the news and the other on the Dow Jones sliding 10,000 points, control just might feel like the furthest thing from reach. But you really do have some options. The best thing a business or property owner can do in uncertain times is to control whatever risk they manage.
As commercial real estate owners, you are not in the real estate investment business. You are in the presentation business. That's right, you're in the presentation business. All the value, all your return on income, all your return on investment, everything is dictated by the presentation of your property.
Most property owners focus most of their attention on revenue, but not enough on how to mitigating their expenses, such as reducing the cost of utilities, insurance, maintenance costs, and property management. By drilling down on these expenses and getting these costs to an absolute minimum, you will invariably improve the efficiency of running.