Welcome to SRP.

I nicked my strop several times during it's life. I just sand it a bit and it's good to go.

If I don't use a razor for over a week, then I'll oil it up for storage. Otherwise, for a razor that I frequently use (at least 2x weekly), I'll oil the pivot every 2-3 weeks. I use baby oil (mineral oil) and a dropper.

Enjoy the shaves!