Developing a Maintenance Plan for Multi-Family Properties

"We will also learn the importance of inventory, applied time versus actual time and how to measure performance of staff. Also discussed will be how to manage costs in terms of personnel and materials."

Maintenance is a major cost in any multi-family property. How do we handle the problem? This course will teach the basics of setting up a maintenance plan for your property. This seminar will help you get the most out of your maintenance staff and will provide many cost saving stratwgies.

In this program, you’ll learn how to:

• What is applied time?
• What is the biggest time waster for maintenance staff?
• How to effectively develop a budget
• How to set up a maintenance schedule
• Economic life vs actual age when setting up replacement plan
• How to get a handle on inventory and ordering

Benefits: Maintenance costs are the biggest share of any multi-family housing budget.This course will identify strategies to reduce costs and increase productivity of property maintenance. It will tach the importance of inspections and how to effectively save money by having a viable inspection system.

Who Should Attend:

• Property managers
• Property owners
• Maintenance Staff
• Lenders
• Realtors
• Developers
• Bankers
• Builders
• Accountants

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. After college graduation was in law enforcement for 4 years. From that point on, he has been involved in sales, construction, project management, appraisal, mortgage consulting and brokerage, property management and property management consulting/training.

Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development and Tax Credit programs. In this role he supported managers by training, compliance, budgeting, developing policy and procedures as well as creating successful marketing strategies. Previously he was a regional manager for a large property management company in South Dakota.

For over twenty years was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

In 2007 he formed Property Management Solutions. In this capacity, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He currently serves as the Fair Housing Ombudsman for the State of South Dakota and is considered a nationally recognized expert in fair housing. He is also a national trainer specializing in tax credit properties for the National Center of Housing Management.