Taking Care of your Tenants
Facility management is right at the heart of the rental property business because it deals with the physical management of the building. The task of a facility manager can be very simple at first glance but there is more than what meets the eyes. The right person must possess strong forecasting and organisational skills. The facility manager should also understand the importance of tenant retention and the financial considerations relative to facility management.
To be able to keep tenants, a facility manager must be able to monitor very well the status of facilities in the building and be able to identify which among those need and would need some repairs. Additionally, he must be able to conceive a sound budget for these repairs and maintenance all year round. Plus, he/she must have a string of service providers to contact if the need for repair arises.
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