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Developing a Maintenance Plan for Multi-Family Properties


Learn How to Handle the Issue of Maintenance Cost for Multi-Family Properties

Maintenance costs are the biggest share of any multi-family housing budget. Join real estate expert Paul Flogstad to learn the basics of setting up a maintenance plan for your property. This session will identify the strategies to reduce costs and increase productivity of property maintenance.

You will learn the importance of inventory, applied time versus actual time, and how to measure performance of staff. The session will also discuss how to manage costs in terms of personnel and materials.

Session Highlights

In this session you will 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
  • The fundamentals of maintenance management.
  • How to develop inspection and cost standards?
  • The fundamentals of work scheduling.
  • The finances of maintenance management.
  • How to manage maintenance personnel?
  • How to measuring and monitor performance?

Who Should Attend:

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

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