When it comes to commercial properties, property managers cannot afford to subscribe to the if it's not broke, don't fix it school of thought. They must be sure to perform preventive maintenance for several reasons. Below please find the key benefits of preventive maintenance for property management teams.
Durability. Preventive maintenance enhances the durability of the property and assets by ensuring that everything is in good condition and an issue is detected before equipment breaks down. This ensures smooth running of affairs by reducing downtime encountered due to equipment breaking down.
Financial planning. Preventive maintenance also allows for active financial planning by enabling you to note equipment or facilities that may need replacement or repair in the near future. A piece of failing equipment is unlikely to take you by surprise because you will have been monitoring it periodically and will be adequately prepared to meet the replacement or repair cost. On the other hand, not carrying out preventive maintenance may unsettle your finances when there is little wiggle room in your budget for spontaneous repairs or replacement. Emergency reactive maintenance may also cost more.
Health & Safety. Scheduling periodic maintenance can also help promote the health and safety environment for tenants by ensuring that the equipment and building do not pose any danger. This aspect is crucial in industries where there is machinery that has the potential to injure workers. The same applies to healthcare facilities where equipment needs to be functional to deliver quality patient treatment