Commercial property management can be a challenging field. Owners and stakeholders hold you responsible for protecting their assets and income, while tenants hold you responsible for the repair and maintenance of all common areas, including the landscaping and exterior features. With so many demands on your time, it can be easy to overlook the condition of the property’s walkways, parking lot, and other pavements. This could place you in the unenviable position of displeasing both your tenants and the property owners.
The condition of your property’s pavements can play a critical role in fulfilling four of your basic responsibilities. These are attracting and retaining tenants, protecting the investments of owners, shielding various parties from potential liabilities, and ensuring that the property is in full compliance with federal and state laws.
You want to attract new tenants and retain them. In turn, your tenants want their surroundings to help them attract and retain clients and customers. Tenants may worry that an unsightly, ill-maintained parking lot or sidewalk will reflect poorly on them.
Owners invest in assets with expectations that these assets will provide a return on their investments. Parking lots and other capital assets need to achieve their projected life expectancies, and neglected pavements virtually always fail to reach this goal. Furthermore, if you cannot keep tenants happy, revenue can decline, negatively impacting the return that the owners expected to receive on their investment in the property itself.
On any given day, many people can visit your commercial property. These can include your tenants, their clients or customers, their employees, or their vendors. Delivery drivers, service technicians, and your own employees may also be present. Visitors who trip over a broken pavement and fall, who drive over a pothole and damage their vehicle, or who suffer any other type of personal injury or property damage could potentially sue your firm, your tenant, the property owner, or all three parties.
The Americans with Disabilities Act and the California Building Standards Code specify the features that properties must have to ensure that the disabled have equal access. These statutes include regulations that cover curbs, pavement surfaces, ramps, parking spaces, pavement slope, signage, and many other facets related to accessibility. ADA violations can be especially costly in California, carrying a minimum fine of $4,000. Parking lots, sidewalks, ramps, and other pavements that have not been well-maintained could easily fail an evaluation for ADA compliance, costing the owners money for which they will receive no offsetting benefit.
Peterson Grading & Paving offers a full range of asphalt and concrete pavement services to property management firms, hotels, educational institutions, facility managers, retailers, churches, and condos and HOAs throughout California. Our service offerings include parking lot maintenance, asphalt paving, concrete ramps, asphalt overlays, parking lot striping and pavement marking, asphalt repairs, concrete sidewalks, parking lot signage, asphalt milling, concrete curbing, ADA compliance, epoxy coatings, asphalt crack repair, asphalt sealcoating, shot blasting, bollard installation, concrete repairs, line removal, concrete parking lot construction, marking removal, and warehouse striping. We have an exemplary reputation for craftsmanship, integrity, dependability, customer service, and professionalism. For a free quote, use the online form to submit your request, email Ryan@GradePave.com, or call 949-402-6979.
At Peterson Grading & Paving, our aim is to serve our clientele in the most efficient way with the best work possible. Your money cannot be wasted or misused in trying economic times.
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