How Do You Ensure Cost-Effective Maintenance?
Introduction Maintenance is often viewed as a cost center, but in reality, it’s a profit protector. Poorly maintained assets lead to unplanned downtime, expensive repairs, safety incidents, and lost productivity. On the other hand, effective maintenance strategies extend equipment life, optimize resource use, and prevent costly breakdowns. The challenge many organizations face is striking the […]
How Long Are Typical Management Contract Terms?
Introduction Whether you’re hiring a property manager, selecting an asset‑management firm, or partnering with a hotel operator, one of the first questions is: How long should the contract run? Contract length strikes a delicate balance—long enough for the manager to recoup investments and deliver results, yet flexible enough for the owner to exit if performance […]