Maintenance of Large Real Estate Portfolios

Maintenance of large real estate portfolios constitutes a significant challenge for their owners. Different corporate goals create a tension field that needs systematic approaches to be resolved. An owner might strive for a given level of maintenance quality to satisfy the occupiers’ needs or to uphold the value of their assets. Then again real estate is very capital intensive, so that cash strapped owners might opt for forgoing maintenance actions that seem not to be necessary. To decide which of the above stated goals is to be pursued information needs to be gathered and processed. We analyze different methods for maintenance planning and budgeting from before advent of readily available computer systems and modern solutions and discuss their implications. Finally, we will deduce which methods are suited for which type of owner and will especially showcase the need for simple solutions for specific organizations.