As
an owner of a commercial building, one of your top priorities is to keep
monthly costs as low as possible. There’s the monthly expenses that are consistent
month after month – things like your heating and electrical expenses – and then
there are those unexpected problems that arise without warning, sometimes
crippling the projected budget you had set aside.
When
income comes in according to plan, and expenses remain at their budgeted
amount, life is good. Then trouble arises. Income drops. An unexpected problem
occurs. And soon you’re scrambling to make everything come together. That’s the
ebb and flow of life as a property manager.
When
a building is first built, the entire HVAC system is brand new. Vents, fans,
compressors, chillers, ducts – everything is new, brought in from the factory
floors and installed to provide you with top quality service. Warranties are
fresh and provide you with a sense of security.
Yet
that only lasts a while. Because of the size and the scope of the HVAC system,
it quickly falls victim to the “handyman” approach, having a piece repaired
here, and a piece replaced there. In just a few short years, your HVAC system
can be a hodge podge of equipment, some of it matching, and some of it fighting
for the power to do what its supposed to do.
We
see property managers handle their HVAC systems in one of two ways.
1.
The first approaches their expenses on an “as needed” basis. They spend money
only when they have to, repair things only when they break, spend the lowest
amount they can on repairs, and only replace when there is no other
alternative.
2.
The second approaches it by realizing that a system well maintained will provide
the longest life possible. They schedule regular maintenance to always stay
ahead of the curve. They work with the same company for all routine
maintenance, repair and replacement jobs. They make small repairs before they
reach a critical stage. They are comfortable replacing things to avoid future
problems.
Two
different approaches; two different outcomes.
Which
is more expensive in the long run?
With
the first approach, the property manager can go months without the costs of
repair and maintenance. Yet when a problem arises, the cost to fix it can
quickly escalate. If a small part isn’t replaced when it first becomes a
problem, it can put a drain on the rest of the system, even doing irreparable
damage to some of the largest components. Instead of making a minor repair when
it occurs, a few months of wear can increase the cost tenfold.
The
second approach will cost more by having to pay for a regular maintenance
program, but it allows a technician to find small items as they wear down or
fail, stopping it from becoming a major repair down the road.
There
is no right or wrong choice; its simply a decision you’ll have to weigh and
determine which is the most effective way for you to run your property.
If
the right decision for you is to schedule a regular maintenance program to
ensure your HVAC unit is always working at its optimal level, we’d be happy to
talk with you on how easy it can be.
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