TIP OF THE MONTH - October 2015
Source: Practical Apartment Management
Edward N. Kelley-Second Edition
If you set up a
program carefully, most maintenance will be routine. Emergency
maintenance then will be minimal. There is a third category:
deferred maintenance. This takes into account items that will
need care sooner or later but may not require immediate attention.
You must keep a sharp eye out for deferred
maintenance items, because they have a tendency to build up and then
cause sudden, serious breakdowns. For example, if six water
heaters fail in one year, you can expect that the other 22 installed @
the same time will fail shortly. Be prepared for this eventuality
and have enough money to pay for replacements.
Equally important, deferred maintenance may be noticed by prospects who will downgrade the property accordingly.
Most apartment complexes have long lists of
deferred maintenance items, such as cracked concrete sidewalks or
curbing, dead shrubs, worn patches in the roadway or parking lot, and
clogged water heaters. Some of these items, such as the dead
shrubs and the holes in the pavement, should have been corrected by
The purpose of planned maintenance is to avoid
financial surprises. You do this by constantly allocating money
for necessary repairs and rotating the replacement of aging equipment
Practically every component of and piece of equipment in an apartment building has a predictable lifespan.
This web page was updated on 09/28/2015.