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Residential Property Maintenance Metrics and Improving NOI (with Ray Hespen)

Fourandhalf

Ray Hespen, who is a frequent flier on The Property Management Show, joined us again to discuss maintenance metrics and how measurement improves resident satisfaction and owner NOI. The last time he was on the podcast, in late 2023, his team was just beginning to establish this concept of maintenance analytics.

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Rental property maintenance software for landlords

Buildium

If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. Because maintenance is such an important and constant responsibility for landlords, it pays to have software that can help lighten the load.

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Effective asset management property maintenance: Strategies for property managers

Buildium

Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility property managers face. Address potential issues before they escalate into significant problems.

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The role of property maintenance management systems in successful property management

Buildium

Managing tenants, overseeing budgets, coordinating repairs, and maintaining the property can quickly become overwhelming without the right tools. This is where property maintenance management systems come into play. What Is a Property Maintenance Management System? Here are just a few: 1.

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Understanding and managing rental property maintenance emergencies—before it’s too late

Buildium

Identifying Common Types of Maintenance Emergencies A rental property maintenance emergency is any situation that requires immediate action to prevent extensive property damage and keep tenants safe. Understanding the various types of maintenance emergencies is the first step in managing them effectively.

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HOA maintenance schedules: How to stay organized and keep residents happy

Buildium

In any homeowners association (HOA), maintenance goes beyond mowing lawns or cleaning sidewalksits about creating a community that feels safe, cared for, and well-managed. Thats why buttoned-up HOA maintenance scheduling is important. Each type of maintenance requires a different scheduling approach.

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Don’t get caught off-guard: Forecasting tips for on-time, on-budget rental property maintenance

Buildium

Whether you’re new to forecasting rental property maintenance costs or simply looking to improve, this guide has you covered. Property Condition: A property’s maintenance history plays a big role in its repair needs. Seasonal and Weather Considerations Of course, local climate also plays a role.