Intro
Managing and maintaining a suite of properties effectively directly influences three areas:
- Tenant and resident satisfaction.
- Operational costs. Namely, keeping costs lean.
- The value of the property.
Whether dealing with single-family homes, residential properties, or commercial properties like resorts, a well-maintained property creates a safe and welcoming environment for occupants.
Yet, achieving seamless property maintenance is easier said than done!
Property managers have the arduous responsibility of:
- Managing routine tasks.
- Passing safety inspections.
- Adequately responding to reactive maintenance requests.
And if that wasn't enough, they need to ensure all maintenance activities are manageable on the pocket.
If you're a property manager or owner with a property headache(s), you've come to the right place. This blog will cover strategies for how resorts and rental properties can streamline their maintenance operations via logistics and storage solutions.
What is property maintenance?
Property maintenance refers to the ongoing care of a building or facility, which includes fixing plumbing leaks, resolving pest control issues, and managing dents and cracks.
There are four types of property maintenance:
- Preventative maintenance: This covers regular inspections and servicing to prevent issues before they arise.
- Reactive maintenance: This is where problems are resolved after they occur, such as fixing water damage or replacing broken fixtures.
- Condition-based maintenance: This is monitoring equipment or property conditions to decide when maintenance is needed, avoiding unnecessary work or sudden failures.
- Maintenance or safety inspections. These are needed for home improvement activities, like for example, when installing an electric fireplace.
A property management company balances these four maintenance layers while minimizing costs and maximizing tenant or guest satisfaction.
The consequences of poor property maintenance
Poor maintenance practices can lead to negative reviews, increased safety risks, failed health inspections, and higher long-term expenses. Specifically, the following areas are affected.
Property value
The value of the property takes a nose dive. It's not a good look at the property owner if their property has a history of failing safety checks and neglecting routine maintenance. Such properties attract lower rents and are difficult to sell.
Increased repair costs
Delaying repairs can turn a mountain out of a molehill. You risk extensive damage and mole growth when you neglect something as common as a water leak. What was supposed to be a simple fix now incurs triple or quadruple the costs.
This does not include hidden costs like a loss of rental income (if, for example, tenants need to move because the property has become unsafe) and the aftermath cost of paying for legal advice and penalties for code violations.
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You don't want to be in this situation! So, let's discuss logistic and storage strategies to keep maintenance costs as low as possible for your real estate portfolio.
What are logistics strategies?
In the property maintenance context, a logistic strategy covers the planning, coordination, and management of resources in a way that ensures building maintenance activities are carried out efficiently.
It's about ensuring the right tools and supplies are available when and where needed.
There are several ways to implement such strategies.
Centralized management system
Maintenance management requires juggling several variables, such as:
- Emails
- Spreadsheets
- Phone calls
- Maintenance requests and tasks
- Schedules
Managing these (often dynamic and ever-changing) variables across different systems leaves maintenance technicians open to making errors and causes delays in fulfilling maintenance tasks.
The solution is a centralized management system like SiteCapture.
As a project management solution, it helps automate tasks, track maintenance schedules, and provide real-time updates, keeping teams in sync and ready to tackle issues quickly. Its solar project management tools offer additional support for properties with solar installations, ensuring energy systems stay efficient. By combining these capabilities, resorts and rental properties can streamline operations, improve logistics, and optimize energy use.
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From the property maintenance team's perspective, they know exactly what to work on and what to prioritize. It means the most urgent things that affect daily living are settled first, keeping tenants happy.
When you demonstrate your maintenance competence to property owners, generating more real estate leads through word of mouth becomes easier.
Inventory management and automated reordering
Careful and precise inventory management ensures supplies and equipment are available only when you need them and in the right quantities. This reduces the likelihood of unnecessary expenses and keeps downtime to a minimum.
For example, in one scenario, you could track supplies like plumbing fixtures, cleaning products, spare electrical parts, and tools used by maintenance staff. You'll know exactly what is in stock and where it is stored, saving time and reducing the need to place last-minute orders.
You can combine inventory management with automated reordering. In this case, you use a digital system to monitor stock levels. When an inventory item falls below a specific quantity, the system triggers an automatic reorder.
Suppose you want automated systems to work effectively. In that case, you'll have to dive into historical inventory usage to determine what is used the most, re-ordered the most, and in what quantities. You can set up the system to mimic past human-led inventory management practices.
Resort and rental property owners can leverage hotel business intelligence solutions to analyze equipment usage and inventory levels to optimize maintenance operations. With this tool, property owners and managers can base their operations on real data and thus ensure efficient asset maintenance.
Preventative maintenance scheduling
Internet of Things (IoT) sensors can be installed on equipment like water heaters, HVAC systems, or plumbing fixtures to monitor their real-time performance.
These devices collect data on usage, temperature, or pressure levels and send alerts when readings suggest wear or potential failure.
An IoT device pulls data from devices and monitors them in real time. (Image provided by author.)
For example, a sensor on an HVAC unit can notify the system when filters need replacing or when the unit is running inefficiently.
Property maintenance software can collect this data and automatically schedule maintenance based on actual conditions rather than pre-determined intervals. As a result, maintenance is done when most needed, preventing sudden breakdowns and extending an asset's life.
Use route optimization
Route optimization is handy for teams managing multiple locations like resorts or apartment units.
Route optimization software like Badger Mapping helps teams plan the most efficient paths as they begin a day of fulfilling maintenance requests. The software offers the best route based on several variables, such as traffic conditions, road works, and the property's address.
Route optimization software provides a holistic view of all maintenance requests for a given time frame.
It further helps property managers assign tasks logically. For example, they can split their maintenance technicians by specific area or type of maintenance request.
As a result:
- Travel time is minimized.
- Fuel cost is optimized.
- Guests remain satisfied.
Optimizing storage solutions
Storage solutions are the art of storing and accessing equipment and supplies required for maintenance tasks.
Effective storage solutions support smooth workflows by reducing the time spent searching for resources, keeping items stored securely and safely, and ensuring critical supplies are always available when needed.
Let's examine several storage solutions.
Metal buildings
An excellent strategy for protecting your resort’s valuable equipment and supplies is to store them in a metal building. These customizable structures offer a cost-effective and durable solution that protects your assets from the elements and reduces maintenance costs.
By extension, an entire metal-grade building can withstand the test of time and mother nature.
Metal building prices may vary depending on your needs, but you can find a solution that fits your budget and specific requirements.
Vertical storage optimization
Vertical storage optimization maximizes the use of available space by utilizing walls, shelving units, and multi-tier racks to store tools, equipment, and supplies.
Items are organized to ensure the frequently used items are easy to reach while storing lesser-used items are higher up.
Vertical storage optimization:
- Reduces clutter.
- Improves accessibility.
- Saves time in extracting the required tools–especially during urgent repairs.
- Creates a more organized storage environment through clearly visible and categorized labels.
- Makes the best use of limited space.
Warehouse management systems
A warehouse management system (WMS) helps track inventory, organize storage, and streamline the movement of goods, ensuring that items are stored, picked, and distributed efficiently.
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A WMS provides real-time insights into stock levels, locations, and usage patterns, making it easier to maintain inventory accuracy and avoid overstocking or shortages.
It also automates processes like receiving shipments, assigning storage locations, and generating restocking alerts, improving productivity and reducing errors in warehouse operations.
Final thoughts
Property management doesn't need to be stressful.
By tweaking how the assets needed to fulfill requests are stored and streamlining the process of performing maintenance tasks, a property manager can create a more productive maintenance workflow that benefits the owners, technicians, and occupants.
Consider implementing the strategies suggested in this blog to build a well-maintained and reliable property maintenance ecosystem that reflects professionalism and care.