Tips For Preventive Maintenance in Multifamily Properties

Preventive maintenance is an important part of maintaining a highly profitable multifamily investment portfolio. Then again, it often gets overlooked by most investors.

But there’s no doubt that any kind of maintenance for your multifamily is critical to your success. That being said, preventive maintenance should not slip off of your mind if you want your property to be in good shape for your business and your tenants.

Here are some tips for conducting preventive maintenance on your multifamily property:

Set a schedule

Considering the amount of time it takes to be accomplished, one of the biggest challenges of multifamily preventive maintenance is that it needs careful planning and scheduling.

That being said, creating a schedule allows you to allot time for the months, weeks, or even days you need to identify certain issues and resolve them without much time to waste.

For example, you could set aside some time for a week before fall ends for maintenance checks to the heating system before winter hits. Preventive maintenance like this keeps your property functional and in good condition no matter the situation.

Track down progress

If you’re going to be doing preventive maintenance on your multifamily, having a checklist to track down your progress would definitely come in handy.

Don’t just accomplish tasks randomly, it always helps to have a plan for the kind of maintenance to be done for the property.

Make sure that your preventive maintenance checklist contains a lot of details so you can produce the results you wanted. That said, list down specific areas of the building and the kind of activities you will be doing for each one.

Have your staff or team trained in preventive maintenance

You don’t have to tackle preventive maintenance alone, especially if you have decent teammates or staff by your side.

Have your team of staff trained for preventive multifamily tasks such as repairs to the water or heating systems, refurbishments to the living areas, and even something like annual cleaning for your tenants. If your team of staff is fully prepared to handle these routine activities, your entire building is ready for anything.

Preventive maintenance solves many problems on top of preventing them from happening if it’s done right.

Make time for preventive maintenance for your multifamily property, and you’ll be making a lot more in terms of satisfied tenants and larger cash flow.