Monthly Archives: May 2014

Flipping Units for New Tenants

When a tenant moves out of a unit, it’s a good idea to do some renovations to the unit to prepare for new residents. You want new residents to be pleased with the unit when they move in. Many property owners work with a multi-family construction company to handle many aspects of their buildings.

Kitchen-upgrade-tenantYou should thoroughly inspect the unit and make notes about potential improvements. Are there holes or cracks in the walls? Do you see water damage? What kind of condition is the floor in? Is the carpet stained or coming loose? Do the hardwood floors have dents or serious scratches? Often, rental units need a fresh coat of paint to make them look fresh and welcoming. Make note of the obvious problems so you can develop a plan for renovating the unit.

You can ask your multi-family construction company to inspect the unit for problems that aren’t obvious. Some issues affect resident safety such as mold and electrical problems. Other problems aren’t as serious but need to be addressed. These include plumbing problems, outdated appliances and cleaning issues. The multi-family construction company should inspect the health of the HVAC system to make sure it does not need updates or repairs.

When you work with a multi-family construction company over time, you will typically work with the same project manager. This person will get to know your property and your priorities so you plan projects over the long term. You may develop a system for flipping units since most properties have consistent changes in tenants. This can help you get rental units ready quickly. It will also help you develop a budget that you can rely on when an old tenant moves out and you want to prepare the unit for new residents.

Multi-family construction companies specialize in dealing with the issues that multi-family property owners face on daily basis. They can often recommend upgrades and changes that you may not think of on your own. The multi-family construction company’s experience in the industry can help you make the most of your properties so that you attract the kind of tenants that you want in your buildings.

Emergency Repairs

storm-photoWhen you own a multi-family property, emergencies can come along at any time. Weather is a common cause of emergency problems. Hail, high winds and ice can damage roofs, siding, windows and stairs. Sidewalks walks can crack and gutters can fall. Fences can be damaged by a number of factors including car damage and storms. These sorts of repairs need to be fixed quickly because they can compromise the safety of residents.

Emergency repairs are not limited to external problems. Water leaks can occur in any part of a building. Hot water heaters can stop working. Plumbing backups can occur in single or multiple units. Weather problems can encroach on building interiors and cause water damage. A variety of electrical issues can affect tenants. These can range from minor power outages to major electrical system failures. Internal emergencies need to be remedied quickly because they directly affect your residents and their quality of life.

Some repairs need to be addressed quickly because they affect the appearance of your buildings. They can make your property appear shabby and neglected. This becomes problematic when you want to attract new tenants. They will notice the damage immediately. These are the reasons why it’s important to have a relationship with a reliable commercial construction company. A commercial construction company can help you solve problems quickly in many different circumstances.

Building a partnership with a commercial construction company can help you manage emergencies quickly and efficiently with minimal disruption for your tenants. How can you tell if you’re working with a good commercial construction company? They should avoid using high pressure techniques to get you to commit to projects. The company should also have strong reputation in the community that has developed over a long period of time.

A commercial construction company can help you with a variety of projects. Their assistance is invaluable when you are dealing with an emergency situation. The company will have experts on hand that are experienced with plumbing, welding, concrete, siding and roofing. They will also have specialized technicians that can handle electrical and plumbing problems immediately.  You’ll also find that a good company can help you manage a wide variety of projects in addition to emergency repairs.