For anybody who owns a residential or commercial building, maintaining a high-quality appearance is one of the most important aspects of running a successful business. Nobody wants to live in an apartment or condo building that looks run down or like it needs a lot of work, and those who are looking for a new place to live are surely going to skip over places that appear this way. It’s also important for a commercial building to look well-kept and professional at all times. This is why regular maintenance tasks are so important to combat the damage from the previous seasons. Snow, rain, and other types of bad weather can cause serious problems when the summer months come around.
Residential and commercial building owners are always looking for ways to reduce their monthly expenses and to remain as profitable as possible, which is why many of them have solar panels installed on their buildings. Solar panels are great to have because they can provide just as much power as being connected to a city’s energy grid, if not more, and they are also much better for the environment. Harvesting the power of the sun to use to power a building is something that smart property owners will look into for both environmental and financial reasons.
One of the best ways for a residential building owner to improve the reputation of their establishment is by going green. Today, most people are environmentally conscious and don’t want to live in places making excessive contributions to the pollution of the world. There are many ways to go green and there are also plenty of benefits that come with it. In addition to operating a more environmentally friendly building, you may also see vacancy rates declining.
It can be extremely difficult to manage the curb appeal of your commercial properties from a distance if you have multiple locations or you are managing operations off-site. The right partner will be able to provide you with the transparency into property maintenance you need to keep things running smoothly. One study from Clemson University found that hiring a professional maintenance and landscaping company to create a beautiful outdoor space can provide a 100% return on your investment. Also if you are a retailer, 40% of walk-in purchases are impulse buys and you will want to take advantage of all of them.
As a property manager adherence to your building or complex’s budget is an area of focus in performance reviews and a key profitability metric. If you’re too far under budget, you may be seen as stingy, negligent to the needs of your tenants and the building to some extent. If you’re over budget you must answer for all of the unexpected or over-priced services you’ve approved that year. Since maintenance and repairs are such a large part of every property manager’s budget, we’ve compiled a list of 4 tips to make your budgeting process less stressful and keep your performance on target: