What Is the 50/50 Rule?
Over the years, we’ve found that the “50/50 rule” is a valuable tool that benefits everyone involved.
Understanding the 50/50 Rule
The 50/50 rule is more than a mere guideline; it’s a principle rooted in data-driven decision-making. It’s a rule that helps us strike the perfect balance between maintenance and cost-effectiveness.
Replace at 50% Use
When a material or system in a property has used up 50% of its expected useful life, we recommend replacement. This proactive approach not only prevents unexpected breakdowns but also ensures that renters enjoy a consistently comfortable and well-maintained living space.
Replace at 50% Cost
If the cost of repairing a material or system exceeds 50% of the cost of installing a new one, we opt for replacement. This decision considers not only immediate expenses but also long-term benefits, such as energy efficiency and reduced maintenance costs.
Note: Material and system costs can change over time, so it’s important to verify replacement costs when making inquiries.
A Balanced Approach to Appliances
Appliances add a unique dimension to the maintenance equation, particularly due to their shorter life expectancy. To ensure a win-win outcome, appliances with significant repair needs, especially those over 5 years old, are often replaced rather than repaired.
This not only avoids costly repairs but also provides renters with modern, efficient appliances that enhance their living experience.
Sustainable Disposal: A Win for the Environment
Our commitment to win-win scenarios extends to environmental responsibility. When it’s time to retire old materials, systems, or appliances, we prioritize sustainability. That means:
None of these items end up in landfills, aligning with our commitment to eco-friendly practices.
Certified Appliance Recycling
Appliances are decommissioned by Certified Appliance Recyclers, ensuring the proper disposal of hazardous materials while adhering to legal requirements.
Donations to Charities
Items in usable condition find new homes through charitable organizations, extending their life and supporting those in need. This gives back to the community while reducing waste.
To sum things up, the 50/50 rule isn’t just a maintenance guideline; it’s a win-win strategy for both property owners and renters. By abiding by this rule, we protect owners’ investments, maintain property quality, and provide renters with reliable, efficient, and environmentally conscious living spaces.
It’s a balanced approach that benefits everyone and ensures an overall great and sustainable property management experience.
Looking for a new property manager in Portland? Evergreen Property Management is here for you. Contact us today!