In owning a commercial property, there are two main objectives to be accomplished, preserve the value of the property and generate enough revenue to return a profit. The best way to tackle these two objectives, is through proper maintenance. With proper maintenance of your commercial property you can more efficiently preserve its value and increase revenue while mitigating costs.
Sometimes the responsibility of maintaining a commercial property can become overbearing and tough to handle on your own. When this happens we highly recommend seeking the help of a professional property management company in Tampa. A property management company can help with maintaining a property by bringing on board the right individuals to accomplish the tasks needed to efficiently and effectively operate the property. Below are a few essential commercial property management tips that Tampa property management companies use every day.
MAINTENANCE TIPS FOR COMMERCIAL PROPERTIES
One of the important components of proper maintenance includes maintaining the exterior of the property. It is always a good idea to routinely take a walk through the exterior of the property and take note of items that may need to be repaired or replaced including damage to the exterior paint, window glass, signage, landscaping, and also the conditions of roofing and parking areas. Keeping your property in pristine condition will help attract prospective tenants who are willing to pay a premium for a more professional and presentable atmosphere.
Just as the exterior of your property should be presentable, so should the interior. Unless otherwise noted in the lease agreement between the property owner and the tenant, proper upkeep of the interior of a commercial property includes making paint touch ups to interior walls, maintaining and cleaning the flooring, furnishings, and light fixtures throughout the property, and maintaining a tidy and safe environment for your tenants.
Facilities and Utilities
Areas that are included in a commercial property that are to be maintained by the property owner include bathroom areas, break rooms, elevators, escalators, air conditioning units, water heaters, and any other facilities or utilities not mentioned that are considered to be the responsibility of the property owner. These areas are important to maintain because they play a vital role in the operation of the property.
As a property management company in Tampa, we have had over 20 years of experience in dealing with commercial real estate. In our experience we have learned that maintenance is the key to success.