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5 Reasons Why it May be time to Remodel Your Commercial Bathroom

March 15, 2022
5 Reasons Why it May be time to Remodel Your Commercial Bathroom

Commercial property management requires time and effort to remain profitable. Many commercial investment property owners  first consider managing the property by themselves in an effort to reduce property expenses.  This choice appears to be a good idea until the property owner realizes the decision is short-sighted – it limits investment opportunities and potential profit – but this can be corrected by hiring a commercial property manager.

 

1. Commercial Property Managers Handle Day-To-Day Operations

Depending on the exact property, managing commercial real estate may require a significant amount of time each month. This is incredibly challenging if the property owner lives far from the rented property or has another full-time job or responsibility. It’s also difficult to scale the business (when building a portfolio) because of the time required to manage the property’s day-to-day operations such as:

Maintenance Calls

Maintenance management, emergency, or otherwise, is critical to maintaining positive tenant relationships and preventing significant, costly maintenance issues in the future. A professional commercial property manager ensures the property is protected on all levels. Maintenance issues will, of course, require a repair, but also may require:

  • Appropriate, ongoing, and updated communication with the tenant.
  • An inspection and determination as to the best way to handle the maintenance issue.
  • Coordination of the repair with the tradespeople and tenant.
  • Management and monitoring of the repair’s expenses, to name a few.
Rent Collection

Collecting rent can be awkward (and time-consuming) for a property owner managing their own properties, especially if a tenant is a friend or problematic. A commercial property manager allows the owner to remain at a professional arm’s length.

Property Inspections

Property inspections are an important way to prevent expensive problems in the future. A new property owner would likely lack the experience required to know what to look for when inspecting a property. A commercial property manager visits the property regularly to ensure the property is protected – and knows what to look for.

 

2. Commercial Property Managers Provide Market Expertise

Professional property managers are adept at watching the market and finding the right tenant for a vacant unit in the shortest amount of time. A skilled property manager will have connections with potential tenants who have had previous interest in the area’s rental properties. Commercial property managers tend to be tech-savvy, offering an experienced presence across digital platforms – opening markets to renters searching for a new property to rent.

 

3. Commercial Property Managers Are Skilled at Tenant Relations

Property managers offer professional representation for a commercial property owner, which can take on many forms. Tenants will often find it is more comfortable to deal with a property management professional, which reduces stress levels for the tenant and property owner. In addition, a property manager will have systems in place to ensure the right type of commercial lease is signed, rent is paid (and deposited) on time and without a hassle.

 

4. Commercial Property Managers Are Market Savvy & Knowledgeable

Property managers offer experience and skills to evaluate the condition of the market and its implications on the property. These skills help to ensure the rental property is marketed and rented at the highest rent the market will support while maintaining acceptable vacancy rates – using their own market experience and larger market data.

A professional manager can maintain neutrality, avoiding an owner’s tendency to react emotionally to connections they may have to the property.

 

5. Commercial Property Managers Have Established Resource Networks

An experienced commercial property manager will have a curated list that includes vetted and trusted industry relationships with tradespeople, maintenance professionals, reliable contractors, etc. These professional relationships save a commercial property investor time and money.

 

6. Commercial Property Managers Possess Legal and Regulatory Know-How

Commercial property owners must remain compliant with a variety of local, provincial and federal regulatory requirements. Commercial real estate laws may apply to the physical property, the managerial aspects, record keeping & finances, and tenant rights/relations, among others. Attempting to navigate the regulations regarding commercial real estate – even for someone with experience, can be challenging, time-consuming, and stressful. A manager’s knowledge helps reduce the risk of costly errors by keeping the property compliant and up to date.

 

Quite simply, a commercial property manager is the simplest way for investment property owners to free up their time, which could be used for other purposes. Additional time offers investors the opportunity to explore other investment ventures or to simply spend time with friends and family.

There is only one way to keep a commercial property looking its best, and that is through remodelling. It can be a daunting experience, but if you or your client is looking for a good place to start, the bathrooms are a great place. Nothing will date a property like a rundown bathroom, and by opting for a remodel you can give the entire property a much-needed facelift. With the way the world changed in 2020, there has never been a better time to review your setup. The question is, how do you know whether a commercial bathroom remodel is right for you or not?

 

Environmental

There have been massive advancements in bathroom fixtures regarding water and energy efficiency. Today, sink aerators, touchless valves, and low-flow toilets are the default. That might not have been the case when the commercial bathroom was first installed. A remodel is an opportunity to upgrade.

There are options for energy-efficient lighting, motion sensors, waterless urinals, and tap flow restrictors. It’s a money saver, but it is also a great way to make a positive contribution to the environment. While you are upgrading the bathroom technology, consider automatic dispensers and automatic hand dryers. They’re environmentally friendly and improve sanitisation for the tenants. It’s a win-win.

 

Money-saving

Everything in the environmental section could easily fall under the money-saving umbrella. Your utmost concern could be the bottom line – whether you are the agent managing the commercial property, or the owner.

A commercial bathroom remodel can help save money in the long term. Yes, the up-front costs might be intimidating, but they will repay in kind. The newest bathroom technology was designed to reduce water and energy usage. You can save money on disposable items, as well as water and electricity. There’s another cost-saving to consider. With new fixtures, there will be fewer maintenance issues. Thus, a reduction in those costs and customer dissatisfaction.

You also have to consider the financial impact of going green. This is something that both employees and customers value in the businesses they work with. Sustainability is hotter than ever in the commercial building industry. We are seeing an increasing number of commercial building owners perform sustainable remodels to help them save money and protect the environment. We are also seeing a direct link between green commercial buildings and their ability to attract tenants and command higher rents and sale prices.

More than ever, consumers choose to work with people who care about the planet.

 

Sanitization.
commercial bathroom cleaning

Touchless air dryers, taps, and paper towel dispensers aren’t just money-savers. They are also an excellent way to prevent the spread of germs. Of course, this is something that is at the front of everyone’s mind now after the year we have had. The more surfaces that require touch the easier germs will spread which will impact your absence rate. Once one employee falls ill, others are sure to follow, and you are going to lose money. So, the benefits of ensuring sanitary conditions in commercial bathrooms are multi-faceted.

 

Improved Morale

Believe it or not, a clean bathroom can boost employee morale. It is their only private escape throughout the day and providing a comfortable, clean place for them is good news for their productivity and your bottom line.

 

Appearance & Reputation

Old bathrooms often look much worse than they are. They age rapidly. Even when they are sparkling clean they look dingy. It’s embarrassing for employees and disappointing for customers. There are certain issues you can maintain, such as fixing those stall doors that no longer close properly.

You can repair the flusher on the toilet in the third stall. Likewise, you can manage small maintenance issues. That just puts off the bigger problem. If there are pitted countertops, cracked tiles, dim lighting, stains, smells, and poor plumbing then it is time to remodel. It is the only way to give your customers, clients, and employees the space they need. No matter how old the building, a bathroom remodel will transform the space.

In a recent survey, 94% of respondents said they would avoid a business if their bathrooms were dirty. Employees, clients, and customers take notice when facilities are outdated. The bathroom is a great insight into how a business runs, and it can impact someone’s view of your company. Invest in a commercial bathroom remodel so everyone who walks through your front door knows that you have high standards and value their comfort.

If you make green improvements in your bathroom remodel, you will show your clients that you value the environment enough to invest money in the planet’s future. That matters.

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