That Retail Property Guy
Welcome to That Retail Property Guy, the podcast where retail property expert Gary Marshall champions retail tenants and empowers professionals across the industry. With a career spanning decades, a dozen retailers, and millions in recovered losses for leading UK retailers, Gary shares his unparalleled knowledge to help retail tenants protect their rights, navigate leases, and maximise opportunities often overlooked by landlords, estates and accounts teams.
This podcast is your go-to resource for unlocking the mysteries of retail property. Whether you're an experienced professional, a mid-sized chain, or someone just starting in the industry, Gary’s insights will help you build confidence, avoid pitfalls, and thrive in this complex field.
Through practical advice, real-world examples, and interviews with industry leaders, That Retail Property Guy is dedicated to fostering development and knowledge-sharing for the next generation of retail property experts.
Listen weekly and discover how small insights can lead to big wins for retail tenants everywhere. Start your journey to retail property mastery today!
That Retail Property Guy
Pat Head, Rub Stomach: the Financial Control Challenge
The Overlap: Bridging Estates Management and Accounts Payable
In this episode of 'That Retail Property Guy,' host Gary Marshall explores the relationship between estates management and accounts payable within a retail setting, especially the importance of communication and collaboration between property and finance teams. He discusses the significant expenditures retail businesses face, including rents and service charges, and the complexities of tracking and managing these costs effectively. The episode also delves into the intricacies of financial periods and calendars, offering insights into how they impact business planning and profitability. The key takeaway is the value of understanding and optimizing the Venn overlap between estate and finance functions to drive profitability, efficiency, and better business outcomes.
00:00 Introduction to That Retail Property Guy
00:16 Understanding the Venn Overlap
00:52 The Retail Office Layout
03:58 Challenges in Property and Accounts Communication
05:51 Demystifying Property Accounting
11:37 Financial Calendars Explained
15:37 The Impact of Financial Periods on Business
21:59 Conclusion and Future Topics
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