The Vital Role of Accounts Payable in Retail Property Management

In this episode of 'That Retail Property Guy,' host Gary Marshall explores the intertwined roles of estate management & accounts payable (AP) for retailers as tenants. Highlighting the indispensable role of AP as Gatekeepers of Profit in controlling property outgoings, Gary underscores the shared responsibility of asset managers and AP teams. He discusses common pitfalls in property expenditure, the necessity for accurate information and robust processes, and the importance of diligence in financial management. Offering practical anecdotes and insights, Gary emphasizes the need for seamless communication and cooperation to optimize property costs and safeguard the bottom line. He concludes by advocating for proper Gatekeeper training and resource, ensuring the protection and recovery of potential profit losses.

00:00 Introduction to the Podcast

01:16 The Importance of Accounts Payable in Estate Management

02:46 Challenges and Responsibilities of Gatekeepers

04:40 Real-Life Examples and Lessons Learned

06:48 Best Practices for Gatekeepers

11:06 Common Issues and Solutions

17:59 Conclusion and Final Thoughts

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