How-To Prepare a Property Budget for the Year
Clear View Building Services offers 3 useful tips to help you win your organization’s limited budget.
1. Create a Property Management Budget Schedule
Gathering vendor proposals and deciding on next year’s projects always takes longer than you think. Position yourself for success by creating a schedule ahead of time with fixed internal deadlines.
2. Use Work Order Data
Equipment breakdowns are inevitable – Stay ahead of the game by routinely analyzing work order trends in equipment repairs.
3. Benchmark Operating Expenses
To identify areas for improvement, measure your operating expenses against those of competitor portfolios. Having a point of comparison can help project managers control costs and justify certain property expenses to stay competitive.