Facility Upgrades Every Property Manager Should Consider
December 18, 2020 (Investorideas.com Newswire) If you want your income property to run as smoothly as possible, you must ensure it's crafted to meet your high standards. You need a durable build quality. It would help if you had solid appliances. You also need to make sure you've done your best to meet the modern renter's heightened expectations.
It can easily feel overwhelming. Between acting as a property manager and handling logistics from an office building, it often feels as though you're wearing multiple hats all at the same time. Even when you outsource some of your key services and offerings, you still need to make sure you're overseeing project development, tenant satisfaction, and the leasing process. Sometimes, as a property manager, you need to consider some quality upgrades. Here are a few things that you should keep in mind to make your life and your tenants' lives easier.
Enhance tenant communication and security.
As a property manager, have you installed an access control system? Access control is critical for every entryway. For some, access control equates to locks at each door entry. For others, this goes deeper. Many tenants prefer an apartment intercom system for better communication and more peace of mind. If you're thinking of a school intercom, many modern intercom systems work much differently.
Instead of a centralized intercom that broadcasts across an entire building facility, an apartment intercom system is crafted to independently work for each tenant. The intercom is connected to the tenant's apartment. That means visitors, delivery services, and guests can use the apartment intercom at the entrance to buzz the tenant directly. The intercom is often located at the entrance or front door, but others are located in the lobby.
If it's your first time working with an apartment intercom system, you may want to consider a video intercom. This allows tenants to verify guests visually. A video intercom system enhances security for your entire building. If you're looking for an apartment intercom system with a video intercom function, you should discuss this with a video intercom system company.
Video capabilities can even work in an older building. As long as you have WiFi or a wire system in your apartment building, you can install a tenant intercom that meets the unique needs of your facility. There are pros to video calls and telephone entry systems alike, but it's often ideal to find a wireless system with a phone line or mobile app integrator. This makes it easier for tenants to connect.
You'll also want to pair the apartment intercom with a keypad or key card entry system. This helps ensure holistic building security and also allows for easier communication throughout the building. If you don't want to pay for costly security services, an intercom is a great place to start. Don't skimp, however. There are more pros than cons to the best apartment intercom system you can find, even if it's pricey.
Consider apartment appliances.
There are a handful of rooms that can truly sell a unit to a prospective tenant. Firstly, the bedrooms are important. Cramped, small bedrooms don't tend to sell well. Second, you have to take a look at the bathrooms. A dingy, dirty bathroom is a turnoff for any prospective applicant. Third, you want to make sure that the kitchen is in tip-top shape. Often, this starts with the appliances. Outdated and inefficient appliances can raise tenant electricity and utility costs. Coin-operated washers are out of style. Less-durable brands mean you'll have to spend more and more money on upgrades as time goes on. While a renter is ultimately looking for a place to call home, it's likely that they'll want some perks and bonuses, too.
If you already have appliances from a trusted brand like Electrolux, KitchenAid, or Whirlpool, you can easily find appliance repair to fit your needs. Whether it's a dishwasher or a surface mount microwave, having an appliance repair specialist on hand is critical. Search based on where your property is located. That way, you can find someone with years of experience. For example, if you live in Eugene, OR, you can visit a site like oregonappliancerepair.com to find added help for your apartment building. When you're looking for appliance repair, you also need to consider someone who has experience with stainless steel appliance repair, part replacement, and refurbishment.
The right appliance repair specialist is well worth the investment. When you weigh the overall cost of appliance repair against the expenses you'll accrue by continuously replacing broken equipment, there's no real comparison. Appliance repair is a great option for any property manager looking to save a bit of money while ensuring that the in-unit amenities are up-to-par. It's a great way to boost satisfaction and encourage high occupancy rates without restoring your entire facility.
Rethink your parking situation.
If you had to answer right now, how secure would you say your tenant parking options are? Is the parking lot gated? Is there restricted access or a gate code? Do you offer enclosed parking for additional fees? If you answered no to any (or even most) of these questions, you might want to reconsider your overall approach to parking. While each apartment building operates a bit differently, tenants want to rest assured that their prized possessions aren't in immediate danger. Uncovered, unsecured lots are ripe for car theft, vandalism, and other crimes. Instead of skimping on the parking amenities, consider enclosed, private spaces, and video monitoring.
If you really want each parking spot to be secure, you should consider adding steel doors to the garages. They're heavier, harder to tamper with, and more durable. When you pair a steel door with a video security solution that you can monitor through a mobile app, you're covering all your bases. A mobile app integrator is ideal because you can have your on-site managers review the mobile app throughout the day to ensure each tenant's car is safe.
While this might seem like a hefty investment, it's definitely worth it in the end. Though enclosed parking requires some costly improvements and upgrades, you can offer it as an upsell to your renters. Once you've constructed the parking options, you have to pay for occasional maintenance. Compare this to the possible thousands you could recoup in monthly parking fees, and you're more likely to get a pretty solid ROI. It's a great strategy if you're looking for ways to enhance profitability as well as tenant satisfaction.
Incorporate multiple upgrades.
A single facility upgrade is most certainly a step in the right direction, but it might not be enough to get new applicants in the door and incentivize current renters to sign another lease. Sometimes, you need to take a multifaceted approach. It's easier for you to show your renters that you're committed to the property by including multiple upgrades. It takes effort, and it also requires an upfront investment. However, it's typically worth it when each project reaches completion.
Whether you're installing an intercom system that can handle video calls and a mobile app integrator or you're looking into adding steel doors to your on-site parking garage, there are dozens of potential facility upgrades you should consider. Each one can greatly impact your renters' quality of living and make your facility an in-demand living space.
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