AREI 123: Maintenance Matters: Maximizing Multifamily Investments through Proactive Care
Welcome adventurous family!
Ever felt blindsided by a repair bill on your multifamily property?
In this episode we unveil the power of preventative maintenance. Discover how a proactive approach saves you money, keeps residents happy, and boosts your property value. Plus, a bonus way how tackle common myths about preventative maintenance!
Come join us and listen in and unlock the secrets to maximizing your multifamily investments!
👉 Link to YouTube episode Here
1: Why Preventative Maintenance Matters
Importance of project management in business
Challenges of managing properties via reactive approach
Benefits of using preventative maintenance
Explain how preventative maintenance saves money in the long run and prevents future problems
2: Case Study: Deferred Maintenance
Example of how deferred maintenance can lead to bigger issues
3: Preventative Maintenance Plans
Interior and exterior maintenance
Frequency of inspections (monthly vs quarterly)
Property management company's role
4: Benefits of Preventative Maintenance
Increased resident satisfaction
Reduced risk of major problems
Improved property value
5: Preventative Maintenance for Single-Family Homes
Addressing the myth that preventative maintenance is only for large properties
Examples of preventative maintenance tasks for single-family rentals
6: Recap
Importance of preventative maintenance for real estate investors
Why should you develop a preventative maintenance plan
7: Bonus Segment: Multifamily Mythbusters
Myth: Preventative maintenance is unnecessary and too costly
Benefits of preventative maintenance: saves money, extends equipment lifespan, increases resident satisfaction, improves profitability
Call to action: Being proactive, asking about preventative maintenance plans
Memorable Quotes:
" Overall preventative maintenance is going to save you money in the long run. This might be a long a hard thing to get set up at the beginning, but we promise you it's going to be a fraction of the cost to perform and to execute now, than if you wait for things to progress in the future and it'll make your asset better for selling than disposing of in the future."
Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn.
Invest with us! Start here.
Explore more. Adventure awaits.