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As buildings age, building components need to be replaced, some more regularly than others. The best property managers know what these elements are, and they plan for and, more importantly, communicate regarding their replacement well in advance so building owners can budget and be prepared.
Unfortunately, many building components are hidden and, therefore, easily overlooked. Some managers and owners operate under the false assumption that certain parts of a building are meant to last the lifetime of the building. This is simply not the case, especially with plumbing. READ THE FULL ARTICLE