How to Establish a Maintenance Plan for Multifamily Properties

Live Webinar

  • 60 minutes

Maintenance costs usually occupy the biggest share of any multi-family housing budget. A good maintenance plan can make a huge difference, and can reduce a large percentage of the estimated cost. Speed things up, reduce costs and gain maximum efficiency, by learning how to develop one. Webinar attendees will be provided handouts, to help them make the most of what has been discussed and taught in the webinar.

In this webinar join expert speaker Paul Flogstad, where he will guide you through the process of developing inspection and cost standards, and work scheduling, management of maintenance personnel, and measuring and monitoring performance. You will also be walked through the fundamentals and financial aspect of maintenance management.

Session Highlights:

  • You will learn fundamentals of maintenance management.

  • How to develop inspection and cost standards

  • Fundamentals of work scheduling

  • Understanding the finances of maintenance management

  • Managing maintenance personnel

  • Measuring and monitoring performance

  • 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

Why You Should Attend:

You need a proper maintenance plan for your property, in order to be efficient and organized. This course will take you through how to do that. You will learn how to break the plan down into manageable components, so the workload is distributed evenly among the staff. This is essential to achieve staff efficiency. You will also learn about some other related subjects, such as major time-wasting activities.

Who Should Attend: 

  • Property managers

  • Property owners

  • Maintenance Staff

  • Lenders

  • Realtors

  • Developers

  • Bankers

  • Builders

  • Accountants 

*You may ask your Question directly to our expert during the Q&A session. 
** You can buy On-Demand and view it as per your convenience.

Paul Flogstad

Paul Flogstad

Paul has been involved in the real estate industry for the past 38 years. After college graduation he 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 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. 

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

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