Stone Oak Client Update | October 2022
HVAC Units & The Approaching Colder Weather
As we inch closer towards the end of the year the creep of cooler weather is upon us. As the air temperature continues to decline, tenants in your properties will be switching from A/C to Heat. This can cause strain on the HVAC systems as they get older and will usually generate some maintenance requests from tenants. Over the summer some dust in the system will accumulate on the heating components, and when the heater is used for the first time in the cold season it will generate a smell as it burns off. This will lead to the tenants requesting HVAC service, which we try to manage by first confirming it was not caused by the initial use as the seasons change. If the problem persists we will always have the AC serviced to make sure there isn’t a potentially larger problem, but in most cases the smell goes away after running the system for a short period.
On-Market Properties & The Current Demand
We are seeing the average number of days a lease listing sits on the market rise due to several factors.
The primary reason is that...