Category: Budget
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Utility Expense Management Across Diverse Real Estate Sectors
Read Article: Utility Expense Management Across Diverse Real Estate SectorsProperty owners across various sectors face unique challenges. There are a few key strategies that can prove to be a game-changer for multifamily, single-family, build-to-rent, manufactured homes, military, student housing, RV parks and even marina properties.
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Submetering Utilities: A Wise Financial Choice
Read Article: Submetering Utilities: A Wise Financial ChoiceWhy Submeter? Submetering utilities is a wise financial choice in the dynamic landscape of property management. From multifamily and student housing to manufactured housing and commercial facilities, finding innovative solutions to optimize costs and promote sustainability is crucial. One such practice gaining extreme momentum and popularity is utility submetering. This method involves monitoring, measuring and…
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Smart Living: Key Tips to Conserve Water and Energy in Multifamily Residences
Read Article: Smart Living: Key Tips to Conserve Water and Energy in Multifamily ResidencesEmbracing sustainable living practices not only benefits the environment but also helps residents reduce their utility bills. Here are four practical tips for multifamily community residents to conserve water and energy, driving down costs while making a positive impact on the planet.
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Streamlining Success: The Strategic Move of Outsourcing
Read Article: Streamlining Success: The Strategic Move of OutsourcingIn the fast-paced world of multifamily business, time is money, and efficiency is critical. For many organizations, recurring monthly admin tasks can be time-consuming, taking valuable resources away from core business functions and new revenue.
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The 11th Hour 2024 Budget Improvements: Ensure Utility Expenses Incorporate Best Practices and Align with Your Organization’s Goals
Read Article: The 11th Hour 2024 Budget Improvements: Ensure Utility Expenses Incorporate Best Practices and Align with Your Organization’s GoalsWhile there are just a few days left in the current year, there is still time to adjust your utilities budget and implement best practices going forward. Here are some important steps and considerations for budgeting and reevaluating utilities in 2024.
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2024 Rate Forecasting: Why Multifamily Stakeholders Should Forecast Utility Rate Changes as Early as Possible to Maintain Financial Stability
Read Article: 2024 Rate Forecasting: Why Multifamily Stakeholders Should Forecast Utility Rate Changes as Early as Possible to Maintain Financial StabilityUnexpected rate changes can throw meticulously crafted budgets into disarray (e.g., thousands of additional dollars over budgeted amounts). By forecasting utility rate changes early in the year and accurately, stakeholders can proactively adjust their financial plans, ensuring that they have the flexibility to absorb any increased costs.
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The Energy Avalanche: Understanding the Surge in Consumption During the Holiday Season
Read Article: The Energy Avalanche: Understanding the Surge in Consumption During the Holiday SeasonWater meters encourage conservation and reduce the utility expenses of your multifamily community, but they are not the only option.
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Saving Water Means Saving Energy
Read Article: Saving Water Means Saving EnergyWater is required to produce energy. Allowing residents unlimited water usage for a fixed amount increases overall utility cost.
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Things Not To Do This Budget Season
Read Article: Things Not To Do This Budget SeasonIt’s budget season again. Some common mistakes can destroy your NOI and make it hard to stick to your budget. Learn what not to do.
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Are You Ready for Budget Season?
Read Article: Are You Ready for Budget Season?Are you ready to tackle your multifamily budget this year? Need some tips? Watch this on-demand session and learn how to build an accurate budget.