TIP OF THE MONTH - July 2015


Source: Essential Facts-Real Estate Management
             Joseph De Carlo

A sound maintenance program improves tenant relations, maximizes income, controls costs, preserves the value of the property and promotes safety.

There are four types of maintenance: service maintenance, routine maintenance, preventive maintenance and deferred maintenance.

Service maintenance deals with unforeseen breakdowns and tenant service requests.

Routine maintenance is general maintenance to common areas, grounds and equipment, performed to enhance the property’s visual appeal.

Preventive maintenance is regularly scheduled monitoring and repair performed to prevent minor problems from leading to major breakdowns and emergencies.

Deferred maintenance: Maintenance planning and scheduling is determined by a number of factors: the age of the building, the investment goals of the owner, and the rent levels of the building. 

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This web page was updated on 06/30/2015.