Creating a culture of safety is important in workplaces as well as residential settings. Putnam landlords need to maintain their properties according to local Connecticut ordinances as well as the safety needs of tenants. Facility management strategies make this possible.
Here, we're going to talk about what facility management is and how you can run a safe and lucrative rental property. Read on to learn why facility management with the help of expert property managers is important for landlords.
The Basics of Facility Management
Facility management is one facet of property management. It refers to a set of practices that maintain the physical integrity of your rental units and buildings. The aim is to keep these buildings in top-notch shape so that you can maximize your profits.
Facility management entails maintaining the space by troubleshooting potential problems. Painting walls, patching up holes, ensuring that flooring doesn't warp, and keeping electrical components covered are just a few facets of facility management.
Safety and security are also aims of managing your rental unit the right way. You need to ensure that steps outside aren't crumbling, hazards like rusty nails and mold are nonexistent, and locks are all working to keep intruders out.
Preventative Maintenance in Putnam, Connecticut
Proactively preventing issues in your physical space is one important aspect of facility management. It's not all reactive responses to maintenance requests or inspections.
Hire property managers with robust contracts with reputable maintenance teams. Ask them to come in and inspect the unit between tenants to ensure that there are no developing issues.
This will lower the likelihood of unexpected problems and emergency repair needs. Equipment and assets will have a longer lifespan, and tenants won't need to deal with disruptions to their daily lives. This can help keep good renters in your units longer and reduce vacancy.
Facility Management in Commercial Buildings
It's important to keep residential spaces in top shape. Tenant retention is key, and you want to avoid lawsuits because of safety risks that you didn't notice or fix. But if you're a commercial landlord in the Putnam, CT area, it's also critical because you need to comply with commercial codes.
Workplace safety is an essential part of commercial building ownership. A slip-and-fall case because of uneven flooring or electrical hazards can drain you dry.
Commercial tenants have longer leases and the potential for major lawsuits. The risk is higher with them than with residential renters, especially because they likely have industry-imposed regulations on workplace maintenance.
Keeping things in top shape can boost facility operations efficiency and keep businesses happy inside your rental unit. It can also help with commercial tenant retention, which is ideal because of the longer leases on office spaces and warehouses.
Implement Facility Management Strategies Today
Now that you know the ins and outs of effective facility management, it's time to work with property management professionals to increase the value of your rental.
At PMI Putnam, we're excited to help you implement building maintenance best practices and strengthen tenant relations over time. Request a free rental analysis to learn the actual value of your rental unit ASAP!
