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%…
Category: Sustainability
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…
Engaging Residents for Green Living
Resident behavior greatly affects the overall environmental impact of your property. If you are trying to promote initiatives at your property, educating residents is a critical part of the program. Whether you begin to educate potential residents on the property tour or wait until the lease is signed, it is important to start educating early….
Wow! Check out West Village
Although I indicated that I would discuss the characteristics of my Icon buildings this entry, I am going to switch gears and talk about an existing project that I just had the great fortune to tour last week. West Village, in Davis California, is the largest NZE Multifamily project in the Nation. It has over…
Multifamily Property Landscaping – Friend or Foe?
As an environmental and sustainability enthusiast and operator of multifamily assets, you probably have a good pulse on efforts you can make at your communities to increase efficiency and make them more “green.” However, have you paid much attention lately to your landscaping company? Are they truly your partner in running the most efficient and…