Who's taking care of your building?

Your property manager (PM) keeps the rent and budget on track.

Your maintenance crew fixes what breaks.

Who's planning your next big replacement?

Often, nobody. And the bill lands on you as a surprise.

Every building needs 3 roles

Is each one covered in yours?

Looking after your building over its life falls between running the business and watching the money, called asset management. Your PM approves small repairs without asking. Bigger ones come to you, but you see the cost, not whether it was needed.

  • Running the businessProperty manager
  • Looking after the building over its lifeOften nobody
  • Watching the money, called asset managementYou, the owner

What it costs

Waiting, being reactive, creates emergencies.

Reactive

  1. 1Small leak

  2. 2Stain on the ceiling

  3. 3Unit offline

Proactive

  1. 1Know. You know every unit's systems, and their condition.
  2. 2Plan. You have a preventative maintenance / inspection plan.
  3. 3Do. Maintenance catches things before they get bad.
  4. 4Prove. The record shows it's done. The unit stays rented.

Good asset management is a way of thinking.

Your goals set your policy. A program you actually run keeps pushing you toward them.

That's proactive: planned before it breaks.

Give it a try on yourself.

  1. Know. Can you list what you own, and the shape it's in?

  2. Plan. Have you decided what can't fail, and what gets fixed first?

  3. Do. Is the work getting done right, by the right people?

  4. Prove. Can you show what was done, and what it was worth?

Lesson 1 shows you how to list what you own.

Good. Lesson 1 checks your list is complete.

Jon Weiskopf

How Eyes Open runs

Your building, one week at a time.

A free lesson every week.

  • One thing to do.
  • One line for your record.

It starts with the Intro.

Begin