Property owners and managers use an industry-standard acronym FACES: Function, Aesthetics, Cost, Environment, and Safety against which new projects and initiatives and should be measured. For an honest evaluation of The Salamander Reservoir, let’s continue the ‘C’ Word: Cost.

Warren Buffet wisely said, “Cost is what you pay; value is what you get.”

Let’s begin with a exercise in ‘worst case scenario’ – you have a pipe freeze one cold Friday evening (assume optimistically that it takes 2 hours to get shut off). Water flows through a sprinkler system at a range of 8-25 gallons per minute, so there may be anywhere from 960 – 3,000 gallons of water from the floor to ceiling damaging your property, equipment, computers, paperwork… The remediation and restoration company come out to clean up and restore. Good news: it’s mostly insured; bad news is that it takes 2-3 days to remediate and another 10 days to restore.

Would it be worthwhile to have invested in a small cost of preventative measures that would have alerted you of a problem the day before the freeze? this #CCIM #PropertyManager sure would!

The Salamander Reservoir Function: * * * * * (out of 5)

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