Office rental vacancy rates are creeping toward record highs across Texas, forcing landlords to consider alternatives for their buildings. So, if you're a Corpus Christi landlord who's lucky enough to have tenants in your commercial buildings, you must do everything you can to keep them.
Maintaining your property in pristine condition is one way to do that while preserving its value and appeal to future tenants, too.
You don't need any fancy facility management tricks to stay up-to-date with commercial property maintenance; read on to find out what you need to know.
1. Identify Maintenance Tasks
Effective property maintenance includes three main aspects. These are:
Preventive Maintenance Tasks
Preventive maintenance includes things like roof inspections, HVAC servicing, and other recurring tasks. These are important for preventing breakdowns and avoiding more expensive repairs or replacements.
Routine Maintenance Tasks
Routine maintenance tasks include things like trash removal and other safety and hygiene aspects. These tasks are considered a part of good housekeeping, as required by OHSA.
In most cases, your tenant will take care of these frequent maintenance chores.
Repairs and Replacements
Despite your best efforts, you'll still need to attend to repairs and replacements at some stage. These issues can occur without warning, so it's important to budget for them.
2. Set Up a Maintenance Schedule
Compiling a schedule for preventive tasks is one of the most effective building maintenance strategies. Planning for these minor repairs and inspections helps you budget and make the best use of your time.
3. Conduct Routine Property Inspections
Routine property inspections help you identify any issues early on. They can also reveal whether your tenants are keeping up their end of the deal when it comes to property maintenance.
4. Use Property Management Software
Property management software is an excellent tool for keeping track of maintenance tasks and expenses. You can also implement a landlord-tenant portal to streamline communications with your tenants.
This allows your tenants to report any issues quickly and facilitates prompt repairs.
5. Delegate Commercial Property Maintenance Tasks
If you own many commercial properties, managing property maintenance can become a full-time job. Hiring a property manager is one of the best ways to alleviate the stress of keeping your properties well-maintained.
These experts have the experience and know-how to streamline your property management while fostering good relationships with your clients. They can also advise you on worthwhile upgrades and cost savings for your commercial properties.
The Easiest Way to Manage Commercial Properties
Effective commercial property maintenance can be time-consuming and costly, but it's vital for attracting good tenants and retaining them. Hiring a property management firm is one way to reap the rewards of commercial real estate care without the hard work.
PMI Corpus Christi is at your service when it comes to every aspect of commercial and residential investment property management. We pride ourselves on tailored customer service and state-of-the-art technology to maximize your profits and your peace of mind.
Browse our blog for more property upkeep tips and reach out for expert assistance with all your property management needs.
