Commercial property management can be a very lucrative venture, but in order to be successful, you must stay on top of maintenance, repairs and other upkeep items. After all, it’s not just your tenants who are relying on your properties, but their employees and customers as well. As such, it’s pivotal that your commercial properties be tended to by skilled professionals who are trustworthy, reliable and readily available. Here are four key vendors to keep on your speed dial list.
Commercial tenants are typically responsible for keeping their own rental spaces clean and sanitized, but the common areas must also be tended to, and that’s typically left up to the landlord or property manager. Hiring a good cleaning service that is capable of supporting the unique needs of each commercial building is essential. At the very least, you’ll need a vendor who can handle regular maintenance, like cleaning the bathrooms, washing the floors and windows, and sanitizing any high-touch areas.
Keeping up with your commercial properties involves managing the external areas as well. A run down or poorly maintained outdoor space can paint tenants’ businesses in a bad light and deter potential tenants from wanting to rent space. And it’s not just about aesthetics, either. Improperly maintained outdoor areas, like walkways and parking lots, can pose a risk to tenants, customers and other visitors. Similarly, if your properties are located in regions where winter weather is an issue, snow and ice removal is an absolute must. Make sure you’ve got a reliable, all-season landscaper on call.
Pest infestation can wreak havoc on a business, so it’s something you must be proactive about preventing and managing. Having an experienced exterminator on call who understands the urgency and discretion with which commercial properties must be treated is critical. Contract with a reputable pest control service that can take appropriate measures to keep unwanted critters out and address any issues that may arise swiftly and effectively to prevent or limit downtime for tenants.
Last, but certainly not least, every commercial property manager should have a general contractor that they can trust and rely on. This person will handle the outsourcing and management of other specialty contractors, such as plumbers, electricians, HVAC technicians, roofers, etc. By partnering with a well-connected GC, you’ll alleviate the burden of having to source each vendor on your own and oversee their work to ensure quality.
Commercial property managers have a lot on their plate. Having a portfolio of trusted professionals at the ready can take several of those tasks off your plate. That way you’ll know that your properties will remain in tip-top shape while you’ll be freed up to focus on other important business initiatives.