Tennessee is a place where businesses go to thrive. Since tracking in 1993, there are almost half a million registered businesses in the state.
This is great news for commercial property owners looking to find tenants and make consistent rental income. However, renting out your commercial space always comes with risks.
Tenants might damage the property or violate the lease agreement. To mitigate your risks as an owner, be sure to schedule routine property inspections.
Keep reading to learn how to plan out these inspections and follow inspection best practices.
Notify Your Tenants
Murfreesboro investors might not be legally required to notify tenants that you are conducting property inspections, but it can help build tenant relations.
It's customary to give at least a 24-hour notice so that tenants are expecting you or an inspector. This is also important for gaining access to the building.
Cite the reason for inspections and the time frame for when they are to occur. You might be inspecting the commercial property as part of your maintenance routine or because you suspect a lease violation.
Familiarize Yourself With State and Local Building Codes
Commercial property owners need to understand building codes in Murfreesboro, Tennessee. Familiarizing yourself with these codes allows you to inspect within the local standards.
A common code across different states includes making sure the smoke and carbon monoxide detectors are working, ensuring adequate ventilation and lighting, and inspecting electrical fixtures.
Your building needs to have certain tools, like a fire extinguisher to stay compliant with the laws.
When your building is up to code, you save money and prevent possible liabilities.
Know Your Goals
During a commercial building inspection, you should know exactly what you are looking for. Sometimes, these objectives are industry-specific.
For example, in a restaurant, inspectors will look at the kitchen, specifically, the hood in a kitchen to prevent fire hazards.
Depending on the type of commercial property you own, the goals will be different. Inform an inspector about any deadlines you might be up against to ensure the inspection is handled on time.
Work With Professionals
Working with professional inspectors is the best way to handle building maintenance and property damage. A full-service property management company can give you leads on credible inspectors.
With the help of professionals, property owners can rest easy knowing the work will be handled correctly.
Some inspectors have certain specialties and can help hotels, warehouses, parking structures, and hospitals with their industry-specific needs.
Check an inspection company's certifications to make sure they can look into important elements.
Property Inspections Handled Correctly
Property inspections are an essential part of being a commercial property owner. Routine and specialized inspections should be handled by credible inspectors.
PMI Professionals is a property management company that can help owners with property inspections, maintenance, and repairs. Outsourcing your duties as a commercial landlord can save you time and money in the long run.
Contact us today to learn more about our commercial property management services and how we help landlords like you.