Let’s start in the garden. We know that light from LEDs grows plants quicker and healthier than other methods, including natural sunlight. Sunlight contains the full spectrum of colors, giving plants the information needed to grow. Tinkering with this spectrum, which LED lights allow with precision, elicits known and specific responses. Increase the amount of […]
California Senate Bill 7 (SB 7) was signed into law by Gov. Jerry Brown, and goes into effect January 1, 2018. Properties that request a water connection from a water utility after that date must demonstrate that the property’s units are submetered to measure water consumption.
Additionally, multifamily operators must include specific language […]
Health is a hot topic these days. From insurance to lifestyle to diet, it’s anyone’s guess as to the best path to a long and healthy life. Still, what if health had just as much to do with where you spend your days as it does with your behavior?
Even though time spent outdoors has […]
Few features are as compelling.
It improves cash flow. It increases property value. It simplifies your relationship with residents. Installing submeters eliminates one of the highest expenses on a property with a pay-off term between 14 to 18 months. They increase net operating income (NOI) and make a property’s rents more competitive. Social bonus: They […]
Utility expense management for multifamily operators is about managing the balance between recovering resident utility costs and the regulatory requirements (including consumer protection provisions) that exist in different jurisdictions. Utility billing service providers endeavor to mitigate risk while maximizing recovery. Here are some of the considerations we face in today’s legal and regulatory environments and […]
Mary Nitschke, director of ancillary services for Prometheus Real Estate Group in San Mateo, California, is a regular case study presenter at the Energy Summit in Washington, D.C. each year. With 13,000 units and another 2,600 in the pipeline, her company is the largest privately owned developer in the San Francisco Bay Area. Being a […]
Lower interest rates and larger loans are fueling energy conservation inside multifamily housing operations across the country, bolstering the bottom line of owners and the wallets of residents.
Fannie Mae, Freddie Mac, HUD and the Federal Housing Authority (FHA) offer multiple loan discounts that recognize apartment properties that use less energy. Apartment buildings with energy-saving […]
The future of utility management remains optimistic. While slowing from its original pace, the rental housing market continues to grow steadily nationwide with growth coast-to-coast. A little more than a third of the U.S. population now lives in rental housing making conservation efforts and regulatory issues more prevalent to owners and operators. Leveraging an ever-changing […]
California Senate Bill 7
California Legislative Session, Senate Bill 7 (“SB 7”) passed the Senate and Assembly and is in effect as of January 1, 2018. The Governor signed the bill into law prior to the end of September, 2016. The new law creates a mandate for the installation of meters (by the owner […]
In September, Fannie Mae published new changes to their Green Financing program that further entice borrowers to utilize their green lending products. Fannie Mae has committed to paying for the ASHRAE Level II study required as part of the energy and water efficiency analysis for loans made through their green initiative. As mentioned on the […]