When you own commercial real estate, retaining tenants should be a priority. It not only guarantees you a steady stream of income but also gives you the peace of mind of knowing that your renters respect and appreciate the property. But what can you do to keep those occupancy levels high? Below are a few tips that will help.

How to Keep Good Tenants

1. Be Accessible

Tenants want to know that their needs are important to you, so it is essential that you be accessible to them. Promptly return all phone calls, emails, and text messages. Have an emergency number for tenants to report business-related crises.

Resolve maintenance issues quickly—the sooner, the better. If handling these responsibilities is overwhelming, consider hiring a property management company; they will be the main point of contact for residents and ensure timely resolutions to issues.

2. Keep Units Comfortable & Up to Date

Commercial real estate rentals need to be functional for the businesses that rent space there, as well as provide a pleasant atmosphere for workers and customers. To maintain comfort levels, keep all fixtures up-to-date. Schedule regular carpet cleanings, pest removal and prevention appointments, and unit inspections to check plumbing and electrical systems.

3. Stay on Top of Renewals

Let tenants know well in advance when their lease is expiring and ask for a response 90 days before that date. This will give you early reassurance that a tennant is staying or time to find a replacement if they want to move locations. 

NAI FMA Realty offers property management assistance to commercial real estate owners in the Lincoln, NE, area, utilizing more than 80 years of experience. They can deal with the building’s and your tenants’ day-to-day needs or you can call them in for special assistance, coordinating construction efforts or during times of expansion. In addition, they also sell and lease property. To learn more about these and their other services, visit them online. Call (402) 441-5800 to schedule a consultation.