| There are many aspects to being in business and | | | | care, ensuring they know the most up to date |
| with all of them comes expenses. Many firms are | | | | methods of their trades so as to be of the |
| able to stay afloat because of their unique ability | | | | highest caliber when performing their duties. |
| to cut down on costs that involve payroll, | | | | But for those who do want to own real estate, |
| shrinkage, and equipment repair, but one area that | | | | there is a simple solution in hiring a professional |
| should be left to the professionals is property | | | | property manager, such as a facility maintenance |
| maintenance and facility management. | | | | company or a property maintenance company. |
| In Jason Jennings and Lawrence Haughton's 2002 | | | | For a small fee of 8-12% they will gladly absorb |
| book "It's not the big That eat the Small...it's the | | | | most of the headaches between late payments, |
| Fast That eat the Slow" they specifically tell | | | | maintenance issues, and who is at fault for |
| entrepreneurs that the worst thing a person in | | | | something breaking in a tenant's office. And while |
| business can do is get into a business that he or | | | | some of the problems will become problems for |
| she is not in. This includes facility management and | | | | the owner, they will only be the things that he or |
| property maintenance. | | | | she must address like wiring that is out of code |
| It does not matter whether the business is a | | | | or installing a security system, and not small things |
| storage company or a law firm. Cutting the grass | | | | like a tenant who perpetually pays two days late. |
| and washing windows is out of the question. The | | | | Overall, one of the smartest moves a business |
| money that can be made while not doing these | | | | owner can make is to focus on his or her |
| things is too valuable, and the cost for having | | | | business and avoid activities that steal such focus |
| someone who can do so more competently is | | | | away. When any of this comes into question it |
| negligible compared to the value people can bring | | | | can be resolved quite simply by asking oneself, |
| into the businesses when their faculties are not | | | | 'why did I get into this field?' Was it to cut grass |
| occupied with such labor. | | | | and wash windows? Was that the true ascent |
| When it comes to facility maintenance, some | | | | following years of graduate and post-graduate |
| business owners should avoid buying a building | | | | study? No. That work was done to be in the field |
| they work in altogether. After all, unless they are | | | | of one's greatest efforts and aspirations. Buying a |
| in the field of facility maintenance, only landlords | | | | building may be an added bonus to one's portfolio |
| get into business to become property managers. | | | | for the hard work that has already been done, |
| Accountants, lawyers, doctors, and other | | | | but with it should not come the work of property |
| professionals should not be concerned with | | | | maintenance or facility management. That should |
| collecting rent, busted pipes, and faulty wiring. | | | | be left to the professionals. |
| They should have their focus on patient and client | | | | |