Save Money on Property Repairs and Maintenance between Tenancies
Vacancies in commercial properties are often viewed as periods of financial strain for landlords, but they can also be opportunities for strategic property repairs and maintenance and improvement projects. Taking advantage of these moments not only enhances the property’s appeal but can also attract higher-paying tenants. Discover budget-friendly and clever maintenance strategies to navigate commercial tenant transitions without breaking the bank.
Utilize the Notice Period:
Once you receive notice of vacancy, use this time to plan and execute necessary property repairs promptly. Create a checklist, including property inspection, self-manageable repairs, scheduling contractors, obtaining quotes, and making bookings. Starting the maintenance process early ensures the property is ready for new tenants, facilitating a seamless transition.
DIY Maintenance:
Save costs by undertaking certain aspects of the property repairs and maintenance yourself, especially if you possess the necessary skills and time. However, exercise caution and avoid tasks related to plumbing, electrical, or gas work unless you are qualified. Safety is paramount, and professional expertise is essential for tasks that can impact human safety.
Maintain Good Relationships with Contractors:
Timely payments and positive relationships with contractors are crucial for efficient maintenance. Avoid delays in payments, as being a reliable client fosters a good working relationship. Respect the expertise of contractors and refrain from micromanaging, allowing them to work in a conducive environment.
Preserve Spare Parts:
Retain spare parts from various appliances in the property, as they may prove useful in the future. Keeping a storage locker for labeled spare parts prevents unnecessary expenses and streamlines maintenance. Anticipating the need for regular appliance maintenance, especially in commercial properties, is a proactive approach to cost reduction.
Invest in Quality Replacements:
In cases where extensive replacement is unavoidable, invest in high-quality, durable replacements. Though it may seem costly initially, this approach reduces long-term maintenance expenses. Prioritize quality replacements for appliances and fittings to enhance the property’s longevity and minimize future maintenance costs.
Prefer Tiling Over Carpeting:
Opt for tiles over carpets for commercial property flooring. Mold-resistant tiles offer durability and are easy to maintain. Consider sheet tiles for simplicity in cleaning and maintenance. Strategically choose tile colors, leaning towards darker shades that are more forgiving to wear and tear.
Differentiate Paint Types:
When selecting paint, be aware of the various types available. Enamel paints work well in high-humidity areas like bathrooms, while areas with heavy foot traffic, such as corridors and stairways, benefit from stain-repellent paint. Tailor paint choices to the property’s needs, ensuring a balance between aesthetics and longevity.
Thorough Cleaning with Household Products:
Opt for everyday household products like baking soda, white vinegar, salt, soap, rags, scrubbers, and magic erasers for thorough property cleaning. Avoid harsh industrial chemicals, as common household items can deliver effective results. Ensure the cleanliness of appliances, but exercise caution with steel scrubbers on stainless steel surfaces.
By implementing these cost-effective property repairs and maintenance strategies during commercial tenant transitions, landlords can optimize vacant periods, enhance property appeal, and minimize long-term maintenance costs. If the process seems overwhelming, consider hiring a property management service specializing in commercial real estate.
Our professionals at OI Management can efficiently handle property repairs, maintenance, marketing, and tenant attraction, allowing landlords to focus on strategic aspects of their investment. Contact a member of the OI Management team in California or Texas for assistance with your commercial property management solutions.
