“Budget season is almost here. I’m so excited!” says Mary Nitschke, director of ancillary services for Prometheus and president of the Utility Management Advisory. Not many share her enthusiasm. Budgeting for utilities is more complex than most budget exercises because of the large number of moving parts.
Three of the largest variables are rate […]
As utility costs continue to rise—driven largely by water and sewer—owners and managers scramble for alternatives to lower the net utility costs for their portfolios.
The focus has shifted from increasing the pass-through portion charged to the residents to, now, eyeing underlying costs. Resident charge-backs are quickly approaching their maximum limit, either legally or due […]