TIP OF THE MONTH - November 2011

Key Points of Maintenance

Source: Essential Facts-Real Estate Management
            Joseph DeCarlo

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, routine, preventive, and deferred.

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.

Tip from Crossett Real Estate Services

Good maintenance pays!! When the owner is ready to sell, the maintenance factors have an impact on the market value, not only for the subject property, but also for the adjoining properties, properties in the neighborhood, which trickles down to property taxes which pay for school systems, fire and police protection, health care facilities, etc.

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This web page was updated on 10/30/2011.