It is a known fact that real estate development can be very costly, but what many don't realize is that the life-cycle of a property doesn't really end when the construction is completed. As a matter of fact, it is just the beginning. Statistics have shown that in the long run, say after 10 years, the cost of maintaining a building and making sure that everything is still working, is actually much higher than the construction cost. As the person in charge of a property, the building manager is mainly responsible for managing its operations and for keeping its tenants happy, which can be very tough, especially given limited resources. But this task becomes almost unimaginable when, for whatever reason, the homeowners association or the building owners decides to cut the operational budget. When this happens, without any intervention, the situation could develop into a huge problem, in which after several years into the property's life-cycle, a number of tenants, being unhappy with the level of service, would move out of their units. As a result, there will be a decrease in both the occupancy rate of the building and the revenue generated from the service charges, which in turn will create an even bigger deficit in the budget, which will lead to an even lower level of service, and therefore will form what we refer to as the feedback loop from hell. This loop will destroy the value of the property, eventually. We realize that something has to be done, which is why we came up with bamms, a digital solution for tenants, building management, and owners to live, work, and make decisions smarter. Our solution changes your maintenance style from reactive to proactive, and thereby taking its process from the most basic, which is corrective, and with automated scheduling, improving it to preventive, and finally, by leveraging historical data, elevating it into predictive. Transform your building now, for a smarter living, with bamms.
