Maintain

What are the tell tale signs of extreme deferred maintenance? How do you unravel sky rocketing maintenance costs? Whenever you acquire a new property there are always maintenance and operations issues. From deferred maintenance to excessive cost overruns, part of any effective investment strategy requires having the skills in place to effectively handle all aspects of rehab and maintenance.

It really is much more than just fixing a leaky faucet. Ensuring appearance is always at its best, which in turn affects marketing efforts, which in turn affects the bottom line. Establishing maintenance policies and procedures along with cost control check-points and reporting are all part of ensuring a property reaches peak financial performance.

At Royalmark we have developed a proprietary system of performance based maintenance management. We believe that cost overruns and unchecked maintenance work orders are a large factor in run-away budgets. This affects the bottom line and is an area we have a strong focus on for every project.