by Denise Deverelle | Oct 5, 2021 | conservation, submetering
If you are building or acquiring multifamily communities, you’ll need to decide how to handle resident utilities. In most jurisdictions, water meters are required for new construction, but what about existing properties? Retrofitting meters into existing...
by Denise Deverelle | Aug 12, 2021 | budget, conservation
By Michael Foote, JD Housing providers that use utility billing and expense management programs are familiar with the effects of those programs on their utility expenses and operating income. The basic thesis is that obligating residents to pay for their measured or...
by Denise Deverelle | Aug 2, 2021 | budget, conservation, litigation, NOI, utility expense management
It’s budget season. Did you know there are some very common mistakes that can destroy your NOI for the whole year? Now is the time to change these NOI-busting habits:1. Don’t flat-rate bill for utilities. Save as much as 20% by fairly allocating usage to...
by Denise Deverelle | Apr 13, 2021 | conservation, energy efficiency, multifamily management
California is leading the way on utility benchmarking in an effort to understand and enforce conservation. Assembly Bill 802 directed the California Energy Commission to create a statewide utility benchmark for buildings larger than 50,000 square feet. The...
by Denise Deverelle | Apr 8, 2021 | conservation, energy efficiency, multifamily management
Let’s say you have a multifamily property and one water meter for the building. Residents pay their own gas and electric, but you pay the water bill and have always just factored water in when you calculate your rental rates. The water bill keeps getting higher, but...
by Denise Deverelle | Sep 2, 2020 | conservation, multifamily management, NOI, ratio utility billing systems
How to Calculate and Decrease the Cap Rate on Your Multifamily Asset Kate Forsyth, Regional Sales Manager The financial market has changed drastically in the past year due to Covid-19 with an emphasis on less speculative valuing of investment properties and more...
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