Although the commercial real estate market has had a rough few years, things are beginning to look bright for the future. Reports show that the retail and industrial markets continue to look strong now and in the future. That means commercial is still worth investing in.
But if you want to succeed, you need great buildings to offer tenants. Let's look at how to craft a commercial property maintenance plan that works.
Maintain Building Systems
The building systems, such as HVAC, electrical, and plumbing, will degrade over time. They can develop problems that may not seem like a big deal. However, those problems can grow, leading to more expensive repairs and a poor tenant experience.
Create a schedule and a property maintenance checklist for inspecting and maintaining these systems. Preventive maintenance will cost more money upfront. However, you'll save money in the long run due to less serious repairs and fewer vacancies because of unhappy tenants.
Find Structural Issues
You must provide a safe environment for your tenants and their customers. This means providing a safe building that's free of structural issues. Things like bad foundations, roof issues, and loose siding will create hazards you want to avoid.
Regularly inspect the structure of your buildings to find these problems. If you find any, call a professional for commercial property repairs.
Invest in Cleaning
Depending on your lease agreement, you may be responsible for keeping your property clean. This will likely be true for the property's exterior and if you have a common area that multiple businesses use for that area, too.
Hire commercial cleaning services to manage this task. They should regularly go to your property and prefer all the cleaning tasks needed to make the space clean and tidy.
Conduct Safety Audits
There are many safety requirements for commercial buildings. You can learn about these by reading your building regulations to determine what you need. These are things like fire alarms, smoke detectors, sprinkler systems, and other safety systems.
You must ensure these work at all times. One of the building upkeep tips to follow is to schedule inspection times for these systems along with your normal maintenance tasks. Doing this will ensure all safety protocols are working.
Work With a Management Service
With how much goes into maintaining a commercial property, you may have a ton to manage and not enough time to do everything. This is even more true if you own multiple properties with many upkeep requirements.
Working with a commercial property management company may be the solution. A professional company will help develop a maintenance plan and ensure your buildings are always in working order.
Don't Ignore Commercial Property Maintenance
You're managing a large building with a lot of moving parts when investing in a commercial property. It's on you to keep things running to ensure your tenants have everything they need to run their businesses. Keep up on commercial property maintenance to make sure your building stays in great shape, and you have happy tenants.
Having the right help can make a huge difference in being able to maintain your commercial properties. At Blue Line Property Management, our commercial property management services offer preventative maintenance, emergency support, and many other landlord services. Contact us to get started with professional management.
