Commercial landlords can often take on a wide range of roles when it comes to investing and maintaining their commercial investment properties. Whether you own retail, office, manufacturing or warehouse spaces, the roles are very similar and they all result in building stronger, more sustainable relationships with their tenants.
For many commercial landlords, this is often easier said than done as it can be very time consuming and exhausting. Still, the benefits of building these landlord/tenant relationships are worth the additional effort. If you are looking for ways that you can build stronger, lasting relationships with your commercial property tenants, keep reading. We are going to look at 4 ways that you can do just that. Let’s get started:
4 Ways Commercial Landlords Can Build Relationships with Tenants
Air Conditioning, Heating And Plumbing- take a proactive approach when it comes to maintaining your property’s HVAC and plumbing systems. Not only will this save you money on costly repairs later on, it will also show your tenants that you care about their comfort and that of their customers.
Pest Control- regardless of where your commercial property is located, or how clean and well-maintained you keep it, pests will always be a problem. Staying on top of this problem by providing regular pest control services can help build your landlord/tenant relationships.
Inspect The Property Regularly- show your tenants that you care about your commercial investment property and their needs by making yourself available and by inspecting your properties on a regular basis.
Know Your Contractors- while you might not deal directly with every contractor you hire, your tenants often do. Your choice in contractor reflects on you as a landlord so you want to make sure that you know just who it is that you are hiring to maintain and repair your commercial investment properties. Select only reliable contractors that you know you can trust and that are experienced in commercial property maintenance. This will ensure that your tenants receive the best possible service, workmanship and quality.
By following some simple tips and advice, you can build stronger, sustainable relationships with your commercial property tenants. This will, in turn, build your reputation throughout the industry, ensuring that your tenants are happy and that your properties will remain leased. Vacant properties don’t make any money and, in some cases, end up costing you money every month they remain vacant.
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I really appreciate all of the tips you provided on how commercial landlords can build relationships with their tenants. It makes a lot of sense to choose great contractors since your tenants will often work directly with them. I think it would also be beneficial to work with a landlord advisory service to make sure you are doing everything correctly.