In fact, some locales have laws dictating exactly how long a landlord has to repair HVAC failures, with some laws even setting minimum and maximum temperatures apartments/houses can reach as a result of HVAC failures. This is especially true when it comes to HVAC - heating, ventilation and air conditioning - repairs, as they are the most time-sensitive maintenance issues, meaning you have little choice but to hire a technician regardless of the timing or price. So, if you’re looking to keep the cost of your invoices down, it’s best to avoid the high demand seasons when technicians can become overwhelmed and your work can leak into the ‘after-hours’ pricing structure. In other words, if the demand on a region’s technicians rises, the price of their work will probably rise as well. When the price of a repair job fluctuates wildly over time, it is reasonable to assume the cause isn’t a quick and drastic change in the supply of technicians, but rather, a swift and sweeping change in the demand of their time.

Applied to property maintenance, that translates to the interplay between a region’s supply of technicians, and the demand made on those technicians by the region’s various properties. High demand = High costĪt its most basic level, the price of any commodity is determined by the relationship between its supply and demand. So, how do you consistently keep costs down when repairing and maintaining your properties? For one, we think it helps to understand what factors lead to the dreaded invoice sticker stock. In other words, if you optimize your maintenance operation to deliver satisfactory results to residents at the lowest possible cost to your business, you’ve got yourself an efficient system. Nonetheless, we believe one measure of efficiency every business owner will agree on is maximizing cost-effectiveness. But what exactly does efficiency look like? It depends on who you ask.

Hvac invoices