How inflation impacts on unit rates in property asset management
High inflation levels make property asset management planning harder than ever. Here’s how to handle changes to unit rates.Read more
Thinking long term means that we need to think well beyond the scheduled maintenance and servicing tasks. We need to think beyond reactive maintenance. We need to think beyond 5 years or even 10 years, and realise that to ensure properties are managed in a sustainable way, we need to think 30 years out. This is where NAMS in NZ and IPWEA in AU have stepped in.
Asset Planning Specialist Kerrie Warwick takes time out to explain the difference between 'condition' and 'defects' - terms which are often confused and misused. Asset Managers who treat condition and defects separately will make better informed planning decisions and get more from their lifecycle and maintenance funding sources.