6 Cost-Saving Tips for Keeping Your Facilities Running Smoothly
Updated: Jun 16, 2020
Today’s property management market is fiercely competitive. Building owners and property management companies are faced with ever-tightening budget constraints while maintaining properties in order to remain competitive and profitable.
Tip #1: Perform continual self-evaluations of your properties on a regular basis in order to identify problem areas using a self-created basic check list geared towards your specific property.
Tip #2: Respond to your self-evaluations with planned actions and preventative maintenance programs to avoid costly repairs and untimely facility or system failures.
Tip #3: Tackle the little things first and prepare budgets for larger repair items. Often it's the little repairs that cause bigger problems if left unchecked.
Tip #4: Prioritize your facility needs and work towards quickly resolving issues as they arise.
Tip #5: Be proactive in repairing distressed or inoperable systems.
Tip #6: Commission an energy audit on your facilities power and utility consumption. If your building is more than 2-3 years old it's important to recognize that modern technology has come a long way in the past few years and is always evolving. There are many ways to immediately reduce operational utility costs but you will never know unless you get some help in identifying these potential savings from real industry professionals.
We have analyzed our customer’s data and determined these tips reduce costs in the long run. We’ve prepared this report in order to highlight some important steps that all effective property managers and building owners should consider for successfully mitigating maintenance issues and keeping their facilities performing at a maximum level while not breaking the budget with unplanned emergency repairs.