Commercial property owners have two main objectives to accomplish: one, to preserve the property’s overall value; and two, to generate enough return of investment. Proper maintenance allows property owners to achieve both. Here are some useful tips.
The premise here is pretty simple: no one would like to rent or lease out an ugly building. Owners are advised to perform routine inspections around the property on a regular basis, taking notes on everything that may stand out of the ordinary. Unhinged or rotting doors, blocked paths, damaged roofs, or chipped paint are some of the most common problems a landlord can identify during exterior inspections.
If the exterior of the property looks presentable, the inside should follow suit. However, the lease agreement between the property owner and the tenant can identify the latter as the one responsible for the interior’s upkeep.
Utility systems like plumbing, electricity, heating, cooling, and elevators must be kept in tiptop condition at all times. For instance, water system components like gutters, downspouts, and drains must be checked for possible cleaning or repairs, as well as heating components like gas heaters. For electrical systems, components such as ground fault circuit interrupters must be tested or tripped monthly to keep them working perfectly.
Performing these checks might be cumbersome; but if done correctly and regularly, it can save any landlord a lot of time and money in the long run.