Thursday, November 5, 2015

The Miami Heat Big 3 & Your Property Management Maintenance Team




The Charlotte Hornets opened up the NBA season the other night against the Miami Heat.  For NBA fans, this is exciting stuff!  The Hornets hope to replicate some of the past success of the Heat, while the Heat are looking to find success again.

 

How well have the Heat done in the past 5 years? 

 

2011: Eastern Conference Champions

2012: NBA Champions

2013: NBA Champions

2014: Eastern Conference Champions

2015: Missed playoffs altogether

 

So things were rolling from 2011-2014.  Making the NBA Finals every year (and winning twice!) is unbelievable excellence.  How did they achieve this?

 

It started with the Heat picking up two great players, LeBron James and

Chris Bosh, in free agency after the 2010 season.  When they paired them with Dwayne Wade, their existing All-Pro, they had the talent to take on anyone in the NBA.  And through hard work, they bonded together and had immediate success. 

 

Along with the “Big 3”, the Heat had a good bench of role players, which changed often from year-to-year.  But as long as Bosh, Wade, and King James were pulling the scoring load, the Heat’s role players were able to offer enough support to make them champions.

 

The Heat’s success also translates into winning property management maintenance.

 

90% of property maintenance issues with rental homes can be handled by another kind of “Big 3”:

 

1.  HVAC company: Air conditioning and heat are a big deal for tenants.  Having a reliable and timely HVAC company on call is huge.

 

2.  Plumber: Sanitation, leaks, and hot water heaters are also very important.

 

3.  Handyman: For the “miscellaneous”- Broken windows, doors, drywall repair, paint, power washing, gutter cleaning, etc., etc. 

 

If the maintenance “Big 3” are intact, the rental home should be in good hands for landlords.  They will handle most of the on-going issues. 

 

But never underestimate the role players; they are called less often, but play vital roles.  Vendors such as pest companies, roofers, electricians, painters, house cleaners, carpet cleaners, lawn care, and others are important to have on your team as well.

So what, you may ask, happened to the Heat in 2015?  King James left the team as a free agent to go back to play for his hometown Cleveland Cavaliers.  Bosh and Wade both missed many games due to injuries.  And the remaining, healthy role players around them couldn’t shoulder the load themselves without them.

 

Having the “Big 3” is important to property maintenance success.  If one is lost, making sure a worthy replacement (Kevin Durant to the Heat in 2016?) is imperative!

 

Happy landlording!

 

Brett Furniss is the head property manager of BDF Realty (Charlotte Residential Property Management), the trusted real estate advisor for Charlotte landlords & Home of $100 Flat Fee Property Management.   BDF Realty utilizes their innovative Pod System for exceptional customer service in residential property management, home repairs, and home sales for single-family homes, Uptown condos, and town homes in the Charlotte-Metro Area.  Contact Us Today!

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