Commercial property maintenance expenses are necessary costs incurred by property owners to keep their assets in top condition. According to Investopedia, rental property owners should ideally set aside at least 1% of their property's value for repairs. So, if your property in Suwannee, GA, is worth $1 million, you should have at least $10,000 saved up for its preventive upkeep and fixing potential damage.
However, maintenance expenses can quickly skyrocket unless you implement savvy commercial building upkeep and management strategies.
Fortunately, you've come to the right place. The experts at PMI Atlanta City have shared facility maintenance ideas and property management tips in this guide, so read on.
1. Implement a Regular Inspection Schedule
As the U.S. EPA explains, people in the U.S. spend 90% of their time indoors. Unfortunately, poor indoor air quality (IAQ), which can arise from problematic building structures and systems (e.g., leaky roofs or dirty HVAC systems), can be much worse than outdoor air. Exposure to poor IAQ can cause or contribute to indoor discomfort and even health problems, such as respiratory issues.
Regular inspections, which are comprehensive assessments of your property's structural and integral systems, can help improve IAQ. So, as part of your commercial building maintenance checklist, be sure to check the following:
- Roofing and gutters
- HVAC systems
- Landscaping and drainage
- Electrical systems
- Plumbing and fixtures
Regular inspections also help preserve your property's value and keep tenants happy. They allow you to:
- Have professionals spot and address issues before they escalate into costly repairs
- Prevent issues from becoming so severe they disrupt your tenants' business operations
- Keep your property safe and habitable for occupants
2. Enforce Preventive Maintenance Plans
Don't wait for something in your commercial property to break down before addressing it. A break-fix approach will only cost you more money in the long run. Instead, focus on routinely servicing equipment and facilities.
Doing the following can help you ward off unexpected breakdowns:
- Establishing long-term relationships with local contractors in Suwanee, GA
- Having appliances and systems serviced during spring and fall
- Not delaying service calls for potential repairs
3. Partner With PMI Atlanta City
Serving residential and commercial landlords throughout Suwanee, GA, PMI Atlanta City is your premier choice for a full-service property manager. If you partner with us, we'll help you keep your property in top condition with our:
- Innovative technology that provides tenants with an online portal, letting them file maintenance requests conveniently and promptly
- Network of experienced and vetted building and system contractors and vendors
- Leasing management services, including property oversight and regular inspections, maintenance, and repairs
Moreover, we provide financial management services. With our accounting and bookkeeping expertise, we can help you control your maintenance budget and expenses.
Elevate Your Commercial Property Maintenance and Management Strategies
Regular inspections and preventive upkeep are pivotal in maintaining property value and tenant relations. By employing these best practices for commercial property maintenance, PMI Atlanta City can significantly enhance your investment.
Our firm's owner, Sukhpreet Kaur Mann, is an experienced real estate professional with 6+ years of industry expertise. We're also a proud member of PMI, a fast-growing national property management firm that has been improving and serving the industry for over two decades.
Contact us today for a complimentary property consultation!
