Property maintenance is really about value. And not only the value of the property itself but the value tenants add and keep while they live in the property. And how much a property owner values his or her time. Property maintenance requires that all parties involved end up satisfied – residents, workers, and clients – and is highly important that either the building or commercial property you have under your care stay clean and well-maintained for any person that might be interested in renting it.
Is property maintenance essential?
Property maintenance not only includes the repair of structural damage, but also residential cleaning and repairs of internal issues in the apartment, condo, single-home, duplex, or in the commercial building you might be renting; to do this you will need a bit of help, as it will take an organized process to keep any type of property in excellent condition.
Imagine you decide to ignore all the small problems that your rental property has only to save a bit of money:
1) this will not make your tenant or client happy
2) it will be more expensive at the end
3) it will decrease the value of your property in the long run.
Acknowledging that property maintenance is essential will bring you more benefits than you can think of, and IT WILL make you save money. A well-maintained property is a reflection of your own success and business acumen.
Main property maintenance factors to consider
What should you keep in mind when it comes to property maintenance? There are a few factors that should be always on top of your list to keep everything under control, and one of them is maintaining the quality of your property and its services above all. If you keep your quality constant, then a good reputation will follow, with a better value being the end result. Cleaning, sanitation, and maintenance should include not only small investments but large ones as well. If you keep all of them in line then the value of your property will remain intact or even rise. It is definitely not a job for one person so, how to keep up with everything? Try hiring a property management agency, and/or a residential and commercial cleaning services company.
What to expect and look for in a property management agency?
The American Management Group (AMG) stressed that hiring a company to manage the maintenance of a building is one of the best options to keep on top of anything your property goes through regarding infrastructure, sanitation and cleaning services in general.
The property management company you hire to handle maintenance must have:
- Experienced staff; one that is highly qualified to provide you with professional work, while maintaining fluid communication with you, all clients, and your tenants.
- New cleaning and repair equipment in great condition.
- Ask for the company’s insurance and license.
- Customer service reviews.
- Extensive knowledge in the cleaning and maintenance of buildings.
Services provided by property maintenance teams go from cleaning apartments, commercial offices, repainting, parking lot cleaning, to the installation and replacement of things.
Tenant’s satisfaction is key
Keeping your tenants notified about what’s going on in the premises and responding immediately to any issues they might have in their living space – or working space – is key to making them want to stay longer. Tenant satisfaction also assures you’ll get that constant income stream from your properties. Getting maintenance work done while a tenant is in place is a great choice, so the person can see you take care of the home as soon as possible. This will make them want to take care of the premises as well and keep them in great shape. If they stay, you save. In addition, you can avoid paying the cost to turn a property, which goes from $1,500 to $2,000; every time a tenant decides to move out, that’s the money you might be paying. Get yourself a great property maintenance team and keep a good pace!