Usually, residential elevators end up costing lots of money when they are not properly maintained, lack a maintenance agreement or are abused by people who use it.
If I lived in your building and the board asked me the same question, this is how I would answer.
- First, what is the maintenance history for the elevator? What is its usual state: operable, or out of order?
- Second, how much money has been put aside in reserves to upgrade the elevator?
- Third, how does Otis advise the board about upgrades and operational changes?
- Fourth, how much does it cost to run the elevator?
Given this raw data, the board should be able to make a decision about finding the best way to save money operating the elevator.
Caveat: What extraordinary expenses are there to run the elevator, except electricity?
