We began to market our “green” efforts as we implemented them at our properties. Not because potential residents were requesting the information, but because we wanted to stand out from our competition We wanted the current and potential residents to know that we had taken steps to save them money. So, we started educating the…
Category: Sustainability
What is a “Green Lease”?
Have you heard of a “green lease”? A green lease is just like a regular apartment lease, but it outlines specific terms that residents and landlords must adhere to surrounding the community’s sustainability policies. Green leases are now included in top multifamily industry trends. The article below shows green leases within their Top 5…
Getting Started
Perhaps a tired issue, but still is a tough one: “How to begin” the conservation efforts. The task of harnessing all of our properties utilities – measuring, reducing, continuing the process, is daunting. What are my criteria? Well, I want anything that will make an impact immediately and over the long haul, save money, have…
Can we learn from the hotel industry?
I travel a lot for business, and I am often struck by the similarities between the apartment industry and the hotel industry. I’m constantly noticing every detail at hotels and I like to find new things within the hospitality industry that I can bring back and implement at the apartment communities I manage. One thing…
Tying Sustainability and Efficiency Into Daily Operations
As industry professionals responsible for managing utility programs and ancillary services departments, we all tend to think about “big picture” and “high level” items. However, it is important to consider what our sites are doing on a daily operational level to support and reinforce some of the larger sustainability and cost savings initiatives that we…
Submetering: A Proven Conservation Measure
If your property currently includes water and sewer in the rent or uses a flat-fee billing, one of the best conservations measures available is to implement either a RUBS or submeter billing program. Studies and experience has shown that residents will conserve water when presented with an individual bill. You can expect savings of 15-30%…
When Your Solar Needs a Net: Solar Net Metering
People often wonder if it’s possible to put a solar panel on a property that actually makes the energy meter “spin backwards” and make money on a solar system. Some states let you do this and some do not. The hyperlink below is to a website that I found recently giving you the “where and…
LEED Certification in Multifamily – Does it matter?
For commercial buildings, studies have shown that LEED buildings have lower operating costs and better air quality than non-LEED certified buildings. For multifamily properties, the LEED certification process is a new trend and seems to be driven by market conditions or client demand. Millenials make up a huge part of the apartment industry and are…
Benchmarking Water Bills – Are water saving retro fits worth the cash out lay when residents pay the bill?
Benchmarking your average water bills to other communities in your zip code area is an excellent way to determine your competitiveness. Resident retention can be directly tied to many metrics at a community and the price of water per month is definitely at the top of the list in many markets. Quantifying a retrofit program…
Benchmarking using ENERGY STAR Portfolio Manager
The following articles from the Journal of Utility Management magazine were mentioned at a session hosted by the Utility Management Advisory at the Real World 2016 conference. Whether you attended the conference or not, you may find these articles useful for learning more about benchmarking and EPA’s ENERGY STAR Portfolio Manager®. “New multifamily score…