Beyond Rent: Exploring Property Management
Applying A Preventative Maintenance Mindset To Your Parking Lots
Jan 28, 2024
Expert John Evans shares how applying preventative maintenance strategies to parking lots can improve property financial health, curb appeal, and safety. The podcast discusses the value of preventive measures, cost reduction, risks of neglecting maintenance, and importance of regular maintenance for property management and sales.
31:59
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Quick takeaways
- Investing in preventative maintenance provides long-term benefits, including cost savings and increased property value.
- Well-maintained properties attract more tenants and patrons, improving curb appeal and overall occupant experience.
Deep dives
The Importance of Preventative Maintenance in Property Management
Preventative maintenance in property management is often overlooked due to the focus on reactive maintenance. Property managers may prioritize fixing urgent or noticeable issues, neglecting preventative measures. This can be attributed to an 'out of sight, out of mind' mentality and the upfront costs associated with preventative maintenance. However, investing in preventative maintenance provides long-term benefits, including cost savings and increased property value. By catching and resolving problems early, property managers not only save money but also reduce the risk of accidents and liability issues. Furthermore, well-maintained properties attract more tenants and patrons, improving curb appeal and overall occupant experience.
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