When owning rentals in Chicago, it is important to take the right steps to ensure that your property is maintained. Whether it be apartment buildings, a condominium, other residential space or a commercial building, your property needs to be in excellent shape so that your tenants will continue to rent from you month after month. Below are a few maintenance tips that should be followed by you or completed by your Chicago property manager.
Your tenants want to be comfortable and HVAC systems play a vital role in providing heat in the winter and cooling in the summer. Every year, the HVAC system of your property needs to be inspected two times, once before summer begins and just before winter. With regular maintenance checks, the HVAC system will be able to work properly for years to come, helping you to avoid any unwanted repairs and keep your tenants happy.
The electrical components of your property are also important. Every year, electrical reviews need to be scheduled to ensure there are no issues within the electrical components of your facility. Any small problems can be taken care of so that in the future, there are no unexpected hazards such as electrical fires.
Your rental property also needs to have the appropriate fire safety measures in place. Smoke detectors, fire extinguishers, proper markings outside the building and more should be considered. Your Chicago property manager should be up to date on all requirements and ensure that your property is up to code.
The look of your property is also important. You want your facility to be visually appealing so that tenants want to rent your space. Maintain proper landscaping services when needed, including grass cutting, hedge trimming, planting flowers, etc. By creating a beautiful space, you will entice new tenants when needed. The first impression of your property is the outside and it needs to look appealing in order to bring in tenants.
It is also important to maintain updates on your property. When a tenant moves out, use the time to refresh the space. This could be adding new paint or doing a bit more and replacing flooring and updating appliances. Updates ensure that new tenants will want to rent your space and stick around for a long period of time.
One of the best ways to ensure that your property is properly maintained is to enlist the help of professional property management. A property management team will be able to schedule all maintenance needs and keep your property in excellent condition. With management software, your management team can keep track of what needs to be done and take care of the services as quickly as possible.
This way, you can focus on other areas of your business, such as taking on more rental properties! Finding a quality property management team is great for your business as you have a knowledgeable team ready to assist you with your maintenance schedule.