The 2 Simplest Ways to Maintain Your Parkade Properly

The 2 simplest ways to best maintain your Parkade.

How condo boards can maximize their investment now and for years to come.

Recent information on maintenance shows that a condo board can plan to pay anywhere from $100 to $500 per parking stall to keep its parkade in good repair and to budget for upkeep of the moisture protection systems. So, if a building had 150 stalls, it breaks down to an average of $25 per stall, or $15 to $75 thousand dollars.

What are the best ways for a condo board corporation to use this money effectively?

By focusing on the reserve fund and operating budget, here are some guidelines to make sure that the parkade is maintained properly.

Before we start let’s get down to basics.

Most parkades today are equipped with reinforced concrete. These are durable because of waterproof membranes that protect against water and salts, which both can destroy the concrete surface. This happens when water and salts mix together and contact metals and steels which create iron oxide or rust. The rust expands and creates pressure on the surrounding concrete. These metals are found in rebar- which creates strength on the concrete floors. The rusting process reduces the strength of the concrete, and can severely affect its ability to handle weight in the parking areas. Eventually, the structure’s integrity can be comprised, in some cases, it could even collapse completely!

So the aim of maintaining parkades properly is to make sure that the salts and dangerous pollutants are removed on a regular basis.

Here are the 2 simplest ways to maintain your Parkade and help reduce the damage to the parking garage structure.

1) The most cost-effective plan is to have your parkades power swept, pressure washed, and power scrubbed, at least twice a year. This will combat against the harmful influences of rusts, dirt and dangerous debris.

2) Have a regular program for flushing and cleaning floor drains and drain pipes in the garage every 6 months. A good time to do this is as the parkade is being swept and scrubbed. This allows the salts and dirt waters in the parkade to flush down these pipes safely. This reduces the contamination of salts and debris on the concrete surface.

It is a lot easier to make sure the membrane and concrete are properly cared for with regular maintenance than to overspend on replacement costs of the overall structure. A little maintenance goes a long way when it comes to important structures like your parkade.

Great Property Management Companies

Choosing the best manager for your property can promote your real estate investment or even break it. You find managers in all parts of the market and it is important to tell the good apart from the bad.

Messaging and branding

The outbound branding and messaging that the company uses is an important factor that can be used to determine what they are really like. To be able to understand them and their mode of operation. Then you need to ask questions.

Documentation

The first thing that you should get to know is whether the company is licensed and recognized by the right body. You need to ensure that you get to know what kind of properties they manage and then get references. You should never move on with the deal if the company does not want or is not able to give you the necessary documentation. When you see the documentation, then you can comfortably say that their operations are legitimate.

You should also get to know the following things about the company:

  • How they set and collect rent
  • How maintenance and repairs are handled?
  • If property inspections are done
  • Retention and marketing of tenants
  • How the tenant and owner funds are handled?
  • How they do tenant screening.

The other things that you should talk to them about include:

  • Their management fees
  • The management contract

The above should be done to about three companies that you may have shortlisted before you can hire them. You should remain vigilant and don’t settle for the first company that you come across regardless of how good they seem to be. There is really no harm in talking to other companies. Talking to others confirms that the initial preference was the best and you may even have some more questions. Young never know, the next company could actually be better than the first one.If you do not take time to talk to others, then you will have nothing to compare with. It is important to have an idea about how other companies operate to be certain that you are indeed making the right decision. There are many databases that you can use to locate management companies near you.

You need to appreciate the fact that finding a manager for an investment that you made is a very important and big decision. You should do a thorough research before you settle for just anyone. There are many qualities that you should consider when you are picking a great organization.

You should try getting referrals from various sources. This is one of the best ways because you will know the experiences of other people first hand before choosing. You may get some amazing tips about the whole choosing process. Since referrals can sometimes be biased, you should get them from all corners. If you receive same referral about a certain company, it could very well be true after all, regardless of whether it is a good opinion or a bad one.