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What You Need to Know About San Francisco’s New Building Façade Inspection and Maintenance OrdinancePosted on March 21, 2017
Over the course of its service life, a building’s façade endures monumental environmental forces including seismic, atmospheric, and meteorological effects. In recognition of this fact and following the lead of many other cities across the United States, San Francisco recently enacted a façade inspection ordinance. The addition of Chapter 16E, a local amendment to the […]
How to Determine if The Construction Management Approach is Right For YouPosted on March 2, 2016
When it comes to deciding which construction approach to take for a building renewal or rehabilitation project, the traditional method is often the first that comes to mind. A general contractor is hired through a competitive bid process, with the contract being awarded to the lowest qualified bidder, then through the bid process, the selected […]
Risk Management Strategies: Chicken or Ostrich?Posted on March 18, 2016
When it comes to asset risk management, it can be easy to find ourselves on one of the two ends of the spectrum of worry: pure panic or blissful denial. But neither of these outlooks help us make rational decisions about our assets. Instead, we need to understand the factors at play and make a reasonable assessment […]
The Warning Signs of Asset FailurePosted on January 22, 2016
If we all had crystal balls, asset management would be easy. But without mystical items of premonition, it falls to asset managers to adequately plan ahead and to know the warning signs of asset failure. Discover the tools available to help you avoid the shock of asset replacement and minimize your risks. Did you know […]
A Breath of Fresh Air on the Topic of Indoor Air QualityPosted on September 4, 2015
What are the effects of poor air quality in a residential building? Does your building often feel stuffy and have bad odors? Do your windows experience condensation during the winter months? These issues are often the result of poor indoor air quality—a common problem in many multi-unit residential buildings (MURBs). Proper ventilation and airflow throughout […]
Pandora’s Box: A Cautionary Tale for Optimists and PessimistsPosted on September 18, 2015
Occasionally, I’ve been known to see the glass half full, while more often I’ve seen it half empty. While I am not alone in this this type of dualistic thinking, I have learned that such a strong dichotomy of thought can reveal biases that may lead to problems. So when I find myself approaching situations with an overly negative or […]
Asset Assessment From a Bird’s Eye ViewPosted on November 20, 2015
We’re all looking for solutions—asset managers included. Discover how the right combination of timely and relevant asset assessments can help you understand how your assets are performing. Have you heard the one about the thirsty crow who came upon a pitcher with some water at the bottom? The water was beyond the reach of its […]
How Can a Deep Energy Retrofit Make a Difference in Your Building?Posted on August 24, 2015
Condominium owners know how much they are paying for electricity and gas when their bills arrive every month or two. But most owners don’t have a reference point to compare their usage against. Is your building using more or less than average? What about the common spaces that you pay for indirectly through building management […]
Do I Have a Line of Sight on My Assets?Posted on August 28, 2015
Asset management is a process that requires multiple ways of understanding—or sights—to achieve success. There are five interconnected sights that provide a foundation for owners to realize the full value of their assets: insight, foresight, oversight, hindsight, and line of sight. To help us all better understand how these sights work together, let me introduce you […]
Is My Building Fractured or Just Cracked? Making the Right Decisions About Your AssetsPosted on August 17, 2015
Families have a reputation for being a little dysfunctional, where siblings, relatives and spouses fight unnecessarily with one another. Similarly, lots of energy gets wasted in the conflicts that go on amongst the stakeholders of buildings. I once heard someone say that every residential building suffers from “The CLAP” (Children, Landscaping, Animals and Parking). These […]
What’s Hiding in My Building?Posted on June 13, 2015
“Sometimes, the most dangerous things are those that are hiding in plain sight.”
Is My Operating Budget a Fairy Tale?Posted on June 1, 2015
There are several interesting money management lessons we can learn from Fairy Tales. Once upon a time… Robin Hood, a heroic outlaw (with a fondness for green outfits), used the cunning of disguise to steal from the rich in order to give to the poor. Bearskin, a man who was offered a lot of money by a cloven-hooved […]
The Grasshopper’s Lesson on Asset ManagementPosted on May 12, 2015
One fine summer’s day a Grasshopper was hopping about chirping and singing. An Ant passed by carrying a large bag of corn husks on her back…
Are my Assets Fading or Degrading?Posted on April 24, 2015
We all know that if we ignore our assets they will eventually suffer from physical deterioration — it is a reality of life. But some assets also fade. What’s the difference and why care?
Re-Thinking Ventilated Attics: How to Stop Mold Growth in Coastal ClimatesPosted on April 7, 2015
Mold growth on the underside of sheathing has become an epidemic in the Pacific Northwest. So what’s the solution?
Urgent vs. Important: Maintenance Prioritization on Limited BudgetsPosted on March 29, 2015
They say that two things in life are certain: death and taxes. Well… I say that there is a third certainty: limited budgets.
Can Dominoes Topple a Building? (Video Included)Posted on March 9, 2015
A few weeks ago I blogged that ignorance and apathy are often the very first dominoes in a chain leading to failure of assets on buildings (or pieces of equipment). These human traits are therefore “upstream” of the failure and failure is “downstream” of the cascading effect.
Heated Decision-Making on Expensive Capital ProjectsPosted on March 2, 2015
The bigger — and more expensive — the decision, the more emotions play a role and the more explosive things can become.
Gambling with Deferred Maintenance: Food for ThoughtPosted on February 16, 2015
We may think we can outsmart consequences, we may try creative tricks to avoid consequences, but we can only do this for so long. Sometimes we get “lucky” and we can defer things for a few years, even decades. Eventually, though, we will lose. So what are these different types of consequences of failure that […]
Asset Management Toolbox: Keys for Property StewardshipPosted on February 11, 2015
A successful carpenter has a toolbox that includes a hammer, saw, screwdriver, pencil and various other implements. If the toolbox is not complete, the carpenter either will not be able to practice their trade or will only be able to do so inefficiently. Imagine trying to cut a piece of wood with a hammer — it can be done, but the edges will be jagged and it will serve no useful purpose.
Asset management, like carpentry, requires a set of tools…
How Long do Buildings Last?Posted on January 28, 2015
We have tracked 1,651 buildings over a 20+ year period and have identified five life stages. These stages apply to all sectors: commercial, residential, industrial, institutional and municipal.
The Most Expensive Assets to Replace…?Posted on January 19, 2015
Well, we did a study on 1,651 buildings over a 10 year period and the detailed research findings can be downloaded here. This blog contains a summary of what we found. The Most Expensive Systems Let’s start our journey by looking at the broader systems before we move down to the individual components. Residential buildings can be organized […]
From Building Rehabilitation to Deep Energy Retrofit: An Opportunity for Rental ApartmentsPosted on January 14, 2015
There is a ‘glass half-full’ perspective worth considering: upgrades that increase the market value and desirability of your building(s) (to both prospective purchasers and tenants), grow your equity, and improve aesthetics and tenant comfort also tend to improve its energy performance.
10 Myths Delaying Depreciation ReportsPosted on January 5, 2015
Listed here are the most common reasons I have heard some owners use for delaying the commissioning of a Depreciation Report (also called a Reserve Study or a Capital Plan). I have included some reasons why these are based on false assumptions.
When Should We Update Our Depreciation Report?Posted on November 27, 2014
Our clients have asked when they should start preparing for the update report – essentially when is 3 years up? There are several dates associated with a Depreciation Report: the date of the site visit, the date the draft report was issued, and the date the final report was issued. There may be as many as six to eight months between the site visit and final report.
Developing a Roadmap to Low-Carbon BuildingsPosted on December 10, 2014
How can governments and consumer associations transform the market so that we can achieve deep reductions in greenhouse gases from buildings, while making buildings more affordable and creating thousands of jobs?
7 Reasons Why Buildings Don’t Get Maintained ProperlyPosted on November 4, 2014
As a consultant I have heard the same old stories over and over again. It is the perennial human condition of deferred maintenance. Here is my take on the seven primary reasons why buildings don’t get sufficient maintenance and why each of these reasons is based on flawed logic.
4 Steps to Taking Action with Your Depreciation ReportPosted on October 28, 2014
Taking action with your Depreciation Report can be overwhelming. Mike Wilson from RDH shows you how, one step at a time.
“Reaching” or “Extending” the Life of Assets: What’s the Primary Goal of Maintenance?Posted on February 17, 2014
When it comes to maintenance there can often be confusion. Are we required to maintain our building assets to simply reach their expected life? Or are we maintaining to extend their lives somehow?
The Inevitable Issue Most High-rise Owners FacePosted on March 10, 2014
Modern glazing systems provide durability and require very little maintenance in the first 10-20 years in service. Unfortunately this is when the party often ends.