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Maintenance Departments can be Profit Centers for Property Management Companies
Specialization or Division of Labor is a principle that has been around for hundreds of years. Essentially it discusses the idea of focusing on a specific task that you are good at, and concentrating your effort on that single task.
If specialization and focusing on what your good at is so important, why are so many companies touting their maintenance departments?
After all if the maintenance team are staff that are constantly on the payroll, and there has to be some way that they are getting paid for that service. Those fee’s can show up in a couple different ways; perhaps in a higher priced Management Fee, or in the cost associated with the work performed on your asset. Either way there is some way the maintenance is being paid for.
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