The initial investment in rental or commercial property is significant, but the idea behind it is that over time those initial costs will be absorbed by the gains derived from it. Those gains, the result of continual revenues from tenants, can be diminished by the “hidden” costs of maintenance.
When the inner workings of properties aren’t properly maintained, property owners can spend more money in after-hours contractor labor, and reduced equipment life-cycle, resulting in greater equipment turnover and loss. Whether you own or manage one property or 1,000, your time and that of your support staff is valuable, and when work crews and managers have to spend extra time doing damage control on a property, that time is misspent.
To achieve the optimal ROI from your properties, you need a system that takes the worrying out of maintaining them.
Computerized maintenance management software (CMMS) can allow your manager(s) to instantaneously see tenant requests, generate work orders, view the status of previous work orders and inventory, and provide in-depth reports that show historical, current, and future trends for each of your properties and assets. Because CMMS is available through mobile devices, your managers are freed up to literally be in more than one place at a time.
For real estate services company AthenianRazak, needed a system to track tenant requests through to resolution as well as to schedule and track preventive maintenance activities. It was also critical to balance safety and responsiveness while sticking to a budget. eMaint was selected to track over 30,000 assets at three large garden apartment complexes in New Jersey.
With eMaint, AthenianRazak has seen reductions in backlog and maintenance calls, improvements in response time, and support to spot key trends. William K., Analyst & Assistant Property Manager for AthenianRazak said, “The ease of use and flexibility of the eMaint system allows me to have new properties up and running in a matter of hours and has helped us improve response time while adhering to budgets.”