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Record winter storms mean hefty costs for property managers

February 15, 2010
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BALTIMORE — Building managers in Baltimore are reeling from back-to-back snowstorms that have increased maintenance costs and could lead to long-term property damage, according to the Baltimore Business Journal.
According to the story, Stanley Maros of St. John Properties Inc. expects to pay up to 50 cents per square foot on snow maintenance — compared to the typical 10 to 12 cents per square foot — and can''t begin to estimate what the total cost of the storm will be.
Maros said: "We''re all still alive and we''re spending a lot of money."
Property managers are also concerned that building roofs are straining from the record snowfall, and have been working hard to keep storm drains clear and assess any risk of roof collapse from the weight of the snow, the story stated.

Lynn Berger, president of the Building Owners and Managers Association (BOMA) of Greater Baltimore and senior property manager for Liberty Property Trust said that property managers will have to spend additional money on snow-removal equipment and that overtime pay is higher than ever before, resulting in costs higher than property managers could have ever foreseen, the story noted.

MacKenzie Cos. Chief Executive Officer Gary Gill could not estimate the total cost of the cleanup, but said: "We''re going to get hammered; I mean everybody''s getting hammered."

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