One of the most crucial aspects of property management is preventive maintenance. A customized plan can save building owners and investors a considerable amount of money, prolong the lifespan of equipment (by up to 25 years), increase property value and curb appeal, and keep buildings competitive with new buildings. Saturday Properties leverages years of maintenance experience to create customized and thorough preventative maintenance plans so building owners can rest easy.

Benefits of a Customized Preventative Maintenance Plan

Preventive maintenance involves regular, planned servicing of equipment, grounds, buildings, and systems to prevent unexpected breakdowns, costly repairs, and extraordinary wear and tear which leads to diminished value of an asset. The benefits of proactive property management are numerous and include:

1. Longevity of Equipment and Systems
   • Regular maintenance can extend the life of equipment substantially if completed properly, ensuring you get the most out of your investment.
2. Cost Savings
   • Routine tasks such as filter changes, condenser line blowouts, regular cleaning of common areas, etc. help maintain efficiency, reducing utility costs.
   • Neglecting preventive maintenance can lead to increased run and repair costs, often necessitating the use of expensive contractors and service vendors for work out of scope of maintenance teams.
3. Risk Reduction
   • Preventive maintenance reduces the risk of property damage and equipment failure. For example:
     • Compressor leaks can cause significant damage to building structures.
     • Blocked condenser lines and unchanged filters can result in water damage.
     • Poorly maintained rooftop units can lead to roof leaks, resulting in expensive repairs.
     • Poorly maintained pools can lead to dangerous health concerns.
     • Improperly maintained emergency lights and generators could result in fines and potential life/safety risks.
4. Financial Planning
   • Preventive maintenance makes budgeting and forecasting easier by preventing large, unexpected expenses and early capital replacement expenses.
5. Resident Attraction and Retention
   • A well-maintained building has strong curb appeal, which helps retain current residents and attract new ones.

Is Your Property Missing Common Preventative Maintenance Tasks?

Many preventative maintenance tasks are often overlooked, yet they play a critical role in property upkeep. Some of these seemingly minor tasks include:

• Regularly changing light bulbs and filters.
• Conducting routine and frequent cleaning to reduce dust, dirt, and grime, which in turn prolongs the life of carpets and furniture.
• Regular inspections of mechanical equipment.
• Ensuring pools are properly maintained to manage risk and liability.

Our Director of Facilities uses his 30+ years of multifamily and retail maintenance experience to partner with site teams, developers, and owners to create thorough plans so even the smallest proactive task does not get missed.

Why a Custom Plan is Better than a Template

We Make It Easy by developing a tailored preventive maintenance plan covering all aspects of a building’s mechanical systems, which are typically the largest expenses upon failure. At Saturday Properties, we customize preventative maintenance plans based on property needs and equipment, ensuring nothing is missed. We understand that preventative maintenance is always evolving and needs to be looked at annually for adjustments. Templated plans can fail to account for unique features of your property. Key components to focus on when creating a custom plan include:

• All mechanical systems including air handlers, condensers, makeup air units, and water heaters.
• Regular unit and building walks to identify and address issues before they become major problems.
• Cleaning and grounds schedules.
• Maintaining logs to track maintenance activities and plan future tasks.

Conclusion

Implementing and investing in a customized and comprehensive preventive maintenance plan is an integral part of operating a building. It saves money, enhances property value, improves curb appeal, reduces risks, and ensures a more predictable budget. Ultimately, a comprehensive, customized, proactive building maintenance plan leads to a safer, more comfortable living environment for residents and a more profitable investment for owners.

By partnering with Saturday Properties and our customized preventative maintenance plans, we can help make it easy for building owners and investors to achieve long-term success and maximize return on their investments.

Contact us today to learn more about our Preventative Maintenance Audit Services.