In these times of budget optimization, expense reductions, tightening the belt, etc. it is important that owners and managers do protect the capital investments in their properties. The manager should not let short term financial goals impact the long term asset. The term used to define maintenance that should have been completed but has been put off is called deferred maintenance. Although deferred maintenance may result in improved cash flow for the short term, the impact on the asset could be long reaching. A good example of this concept would be the often forgotten about Click to continue »
Property Management
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Owner of a vacant building?? Things to consider……
Tuesday, June 23rd, 2009Unfortunately, in today’s economy marketing periods can be longer than anyone desires. Six to 12 months is not uncommon. When a building becomes vacant, and during the time it is available for lease or sale, many owners believe that it does not need to be managed. Click to continue »
Cleaning Challenges in the Medical Office Building
Monday, June 8th, 2009One of today’s greatest challenges facing the property manager of a Medical Office Building (MOB) is cleaning. Cleaning a MOB is very different from cleaning a typical office building. Whereas the typical office building will have basically the same types of space utilization such as office spaces with carpeted floors, painted walls etc., the MOB may be made up of a combination of different space types each requiring different levels of cleaning. These varying levels of cleaning quality within the same building make it difficult for the property manager to develop specifications for the property. The types of space that may be in a MOB may include: Click to continue »