Developing a Maintenance Plan for Multifamily Properties

Available all day

Duration - 60 min

time 01PM EST

Price: $199

Speaker: Paul Flogstad

Industry: Real Estate

Sub Industry: Property Management

Credits: NA

Introduction

Maintenance is a major cost in any multi-family property. How do we handle the problem? This course will teach the basics of setting up a maintenance plan for your property. This seminar will help you get the most out of your maintenance staff and will provide many cost-saving strategies.

We will also learn the importance of inventory, applied time versus actual time and how to measure performance of staff. Also discussed will be how to manage costs in terms of personnel and materials.

Session Highlights

This program will reveal:

• What is applied time?
• What is the biggest time waster for maintenance staff?
• How to effectively develop a budget
• How to set up a maintenance schedule
• Economic life vs actual age when setting up replacement plan
• How to get a handle on inventory and ordering

Who Should Attend

• Property managers
• Property owners
• Maintenance Staff
• Lenders
• Realtors
• Developers
• Bankers
• Builders
• Accountants

Learning Objectives

Maintenance costs are the biggest share of any multi-family housing budget. This course will identify strategies to reduce costs and increase productivity of property maintenance. It will learn the importance of inspections and how to effectively save money by having a viable inspection system.

Session Agenda

In this program, you’ll learn:

• What is applied time?
• What is the biggest time waster for maintenance staff?
• How to effectively develop a budget
• How to set up a maintenance schedule
• Economic life vs actual age when setting up replacement plan
• How to get a handle on inventory and ordering
• These are the prime areas to be covered in this session. There will be time for questions and answers.