![]() ![]() The average number of HVAC requests shifts slightly from month to month compared to the larger shift in the southern states.The maximum swing above the typical average repair requests is 61% for a given month.Our data has shown different results for the peak maintenance months dependent on if you’re in the northern or southern states. Those funds will not only serve as an additional source of revenue for your company, but it will also sidestep expensive emergency repairs during the peak season. But it is reasonable and fair to charge an annual administration fee for such upkeep. Obviously, this work comes at a cost to your company. Another method is to perform annual check-ups of your units every spring, when demand, and thus cost, is at its lowest.Īn example of the work we recommend completing each spring is the cleaning of air conditioners’ air condensers and filters. One way to work these check-ups into your maintenance operation is to schedule them in as part of your regular tenant turnover program. When you create a system of regular check-ups for your properties, you’re oftentimes able to identify problems before they become costly emergencies. Preventative programs emphasizing routine inspections are a great place to start. An ounce of prevention is worth a pound of cureĪs we’ve demonstrated, if you’re looking to keep your maintenance operation costs down, your best bet is to avoid the high demand seasons, whether it’s summer or winter. That sweltering June day? It comes in at third, when a typical invoice costs $407. The second most expensive month is February, when the average invoice is 15 percent higher than average, at $416. But don’t discount how hard winter can hit your wallet, too.Īccording to our data, the most expensive month for maintenance repairs is September, when the average invoice is $435, 21 percent higher than the average. Yes, it’s true that HVAC repairs can get very expensive in the summer. When you think of the worst time for HVAC repairs, you probably imagine a sweltering early June day when thousands of dormant air conditioners kick on for the first time of the year and the weak among them throw in the towel. In fact, some locales have laws dictating exactly how long a landlord has to repair HVAC failures, with some laws even setting minimum and maximum temperatures apartments/houses can reach as a result of HVAC failures. ![]() This is especially true when it comes to HVAC - heating, ventilation and air conditioning - repairs, as they are the most time-sensitive maintenance issues, meaning you have little choice but to hire a technician regardless of the timing or price. So, if you’re looking to keep the cost of your invoices down, it’s best to avoid the high demand seasons when technicians can become overwhelmed and your work can leak into the ‘after-hours’ pricing structure. In other words, if the demand on a region’s technicians rises, the price of their work will probably rise as well. When the price of a repair job fluctuates wildly over time, it is reasonable to assume the cause isn’t a quick and drastic change in the supply of technicians, but rather, a swift and sweeping change in the demand of their time. Applied to property maintenance, that translates to the interplay between a region’s supply of technicians, and the demand made on those technicians by the region’s various properties. High demand = High costĪt its most basic level, the price of any commodity is determined by the relationship between its supply and demand. So, how do you consistently keep costs down when repairing and maintaining your properties? For one, we think it helps to understand what factors lead to the dreaded invoice sticker stock. In other words, if you optimize your maintenance operation to deliver satisfactory results to residents at the lowest possible cost to your business, you’ve got yourself an efficient system. Nonetheless, we believe one measure of efficiency every business owner will agree on is maximizing cost-effectiveness. But what exactly does efficiency look like? It depends on who you ask.
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