Cost-saving property maintenance tips and building the perfect property maintenance strategy.

1. A Professional
Approach to Property
Maintenance

2. Cost-Saving Property
Maintenance Tips
A solid maintenance program
extends the life of your property’
s components … it is always less
expensive to maintain rather than
repair.

3. Establish a maintenance strategy
with the right combination of
preventative, corrective and
predictive maintenance.

4. Conduct a site condition
assessment and list the property
components that will deteriorate
over time so you can set priorities
and develop a repair budget.

5. Create a list of
trustworthy, reliable
and affordable
vendors, making
sure to have at least
three for each trade
category.

6. Consult with
contractors who
perform
preventative
maintenance and
contract with one for
the service of
mechanical
components of your
building. Re-bid
service contracts
yearly.

7. Bid repairs with an
estimated cost of over $500
to at least three vendors.

8. Invest in equipment to
perform certain
maintenance functions
in-house.

9. Building the Perfect
Property Maintenance
Strategy
The perfect property maintenance strategy
includes preventative, corrective and
predictive maintenance.

10. Preventive (Time
Based) Maintenance
is the systematic
inspection and detection
of potential failures before
they occur. This
maintenance strategy is
best suited for building
components that
deteriorate over time and
can save 12%- 18% on
average over corrective
maintenance.

11. Entering into a service
contract for quarter
maintenance of the
buildings HVAC would
be perfect example of
preventative
maintenance.
Example:

12. Corrective
(Reactive Based)
Maintenance is the
run-to-fail approach
where action is only
taken when something
breaks down. This
maintenance strategy
is cost-effective for
small non-critical
building components.

13. Utilizing in-house maintenance
personnel or a maintenance
service company to remove and
replace the buildings light bulbs
when they burn out is the most
basic example of corrective
maintenance.
Example:

14. Predictive (Condition Based)
Maintenance
is the scheduled monitoring of building
conditions over time utilizing probability
formulas or previous experiences to
determine when to schedule maintenance
before a building component fails. This
maintenance strategy is best suited for
critical, complex and expensive building
components and if executed properly can
eliminate catastrophic failures by 70% - 75%.

15. A yearly inspection of the
building’s roof system is an
example of predictive
maintenance.
Example:

16. The key to a perfect property management strategy is to find
the right balance of those which are most cost effective to
best extend the life of building components. If a property
owner lacks the knowledge necessary to make decisions
about maintenance it would be advisable to hire a facilities
management company.

17. Have more
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