Protecting the Fixed Assets of an Apartment Complex

By August 7, 2013Asset Tracking

As an apartment building owner, you have a full plate of responsibilities. Dealing with current tenants and working with potential renters should be the primary focus of your business. However, maintenance and replacement issues can hamper your ability to run an efficient operation. Having a sound protection strategy to safeguard the thousands of dollars in water heaters, ovens, washers, and dryers you own will keep you focused and on the right track.

Comparing Conditions

All of the appliances in your complex will eventually break down. Misuse, defective parts, and everyday wear and tear are the main offenders when these problems arise. If you are dealing with dozens of units, keeping up with the quirks and history of each utility off the top of your head is no easy task. With a tool like Asset Panda and a sound asset protection strategy, you can track the condition of each specific appliance by building a customized entry. From here, your response and repair time will drop drastically. Even the replacement process can be streamlined by having purchase values waiting on the mobile app in the palm of your hand. Don’t let an unorganized approach bog down your ability to manage a successful complex.

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