Purchasing an office building, a shopping center, or another commercial property can be a great investment. You can generate passive income when you buy the right commercial properties and collect rent from tenants who use them.
But in order to make the most of the initial investment that you made into a commercial property, you need to get into the habit of maintaining it on a regular basis. You should have a preventive maintenance checklist that you use to keep track of everything that you need to do.
By utilizing a preventive maintenance checklist, you won’t ever forget to check out the condition of your commercial roof or take a look at your commercial property’s HVAC system. You’ll keep everything working the way it should inside and outside of your property at all times.
Here are some of the things that should be on your preventive maintenance checklist.
Inspect Your Commercial Roof Twice Every Year:
The roof that you have on your commercial property is arguably the most important part of it. One tiny leak in your roof could shut down any businesses in your property and force you to make emergency repairs right away.
One easy way to prevent a commercial roof from leaking is by having it inspected at least twice every year. You should consider doing it once in the spring and once in the fall.
A professional roofing contractor can climb up on your roof and take a good, long look at it to see if there are any signs of trouble. If there are, they can make repairs to it to prevent leaks and other roofing problems.
If you choose not to inspect your commercial roof on a routine basis, you’re pretty much asking for trouble. So make it a point to get more info on caring for a commercial roof so that you don’t have to worry about encountering any emergency situations.
Service Your HVAC System Every Three Months:
If your commercial property gets too warm in the summer or too cold in the winter, your tenants aren’t going to be happy. They’re going to call you and complain each and every day about it.
You can keep your commercial property’s HVAC system up and running at all times by servicing it about once every three months. During service, the air filters in your HVAC system should be replaced to improve your indoor air quality. An HVAC specialist should also evaluate the rest of your system to see what kind of condition it’s in.
Most commercial HVAC systems are situated on the roof, which makes it even more important for you to maintain them. You can’t afford to have an HVAC issue turn into a roofing issue simply because you didn’t take the time to maintain your HVAC system.
By maintaining it, you’ll steer clear of any major HVAC problems. You’ll also make your HVAC system last a lot longer and put off having to replace your system for as long as you possibly can.
Schedule Annual Reviews of Your Electrical System:
Whether you’re the owner of a small retail store or a huge shopping plaza, there’s a good chance that your commercial property contains lots of different electrical components in it. Those components should be inspected once every year to make sure they’re working the way they should.
During an electrical system inspection, a licensed electrician should take a look at all of the various parts of your system. This includes your:
- Breaker boxes
- And so much more
Ideally, each and every electrical component in your commercial property should be working just fine. But in the event that something looks off, your electrician can make repairs and keep your electrical system in tip-top condition.
Tackle Plumbing Problems Immediately:
Major plumbing problems in your commercial property can cost you hundreds, if not thousands, of dollars every year. Something as simple as a leaky pipe under a sink can do a lot of damage to your property.
You should, therefore, be looking out for plumbing problems at all times and addressing them as quickly as you can. You don’t necessarily need to bring in a plumber once every year to inspect your plumbing system. But you should “inspect” it yourself every day by looking out for slow-moving drains, leaky pipes, and more.
Contact a plumber as soon as you spot a potential problem and ask them to come to investigate your issue further. It’ll prevent you from overspending on emergency plumbing repairs later.
Arrange to Have Your Lawn Mowed and Landscaping Done As Needed:
When you’re creating a preventive maintenance checklist, don’t forget to include some of the maintenance that you’ll need to do outside of your commercial property.
Specifically, you’ll need to have your lawn cut at least every week or two in the spring and summer to prevent it from getting to be too long. Your lawn could drag down the curb appeal of your commercial property and subject you to fines if you don’t take care of it.
You’ll also need to have your landscaping done at least once every spring to keep it looking its best. You should have new trees and plants put in and have old mulch replaced. This will improve the look and feel of your commercial property and allow your tenants to take a lot more pride in it.
Use a Preventive Maintenance Checklist to Protect Your Investment:
As you can see, there is so much to maintain inside and outside of the commercial property. It’s easy to lose track of it all if you aren’t armed with a preventive maintenance checklist.
Your checklist will ensure that you don’t let any maintenance tasks slip through the cracks. You’ll be able to put them on your calendar so that you don’t forget about them.
Not maintaining a commercial property is one of the worst investment mistakes you can make. Read our blog to take a look at some of the other investment mistakes that you should avoid making at all costs.