Property management companies can reap significant savings by making their buildings more energy efficient, but it takes a coordinated effort to make a real difference.
Trinity Management, LLC, a manager of over 7,000 residential units in the Northeast, has focused on its on-site property managers as keys to its goal of cutting utility costs by 20%. The company aims to reduce energy consumption by educating its property owners on the value of monitoring utility consumption for irregularities and making strategic investments in energy-efficient upgrades.
Trinity hired a third-party benchmarking provider and trained property managers to monitor energy consumption. Training sessions for all of five of Trinity’s portfolio directors and most of the 40 property managers within its system were concentrated on how to monitor monthly utility consumption and costs.
In the ongoing program, Trinity’s executive staff meets bi-weekly with the consultant to discuss energy spikes, data integrity, and related issues. Individual property managers are informed of irregularities and given a deadline to provide context for what might be going on at their sites.
Related Stories
Codes and Standards | Apr 23, 2020
COVID-19 epidemic demonstrates value of flexible hospital space
Some rooms being repurposed for ICU care.
Codes and Standards | Apr 15, 2020
Embodied carbon footprint can be reduced by using conventional materials
High-SCM concrete, and cellulose and wood fiber insulation among the greener alternatives.
Coronavirus | Apr 13, 2020
COVID-19 alert: City conducts a 'virtual building inspection' to allow Starbucks and bank to open
Bothell, Wash., issues a certificate of occupancy to developer after inspecting the property online.
Codes and Standards | Apr 13, 2020
Design competition focuses on reducing urban heat island effect
Cool Abu Dhabi aims to transform urban life in the Middle East.
Codes and Standards | Apr 13, 2020
What building science says about reducing COVID-19 transmission
Impact of temperature and relative humidity is unclear.
Codes and Standards | Apr 9, 2020
Owners retrofitting properties, monitoring performance during epidemic
Covid-19 outbreak may lead employers to reevaluate office commitments.
Codes and Standards | Apr 7, 2020
Dept. of Labor publishes guidance on paid sick leave, expanded family and medical leave
Includes fact sheets for employees, employers, and a questions and answers document.
Codes and Standards | Apr 1, 2020
Standards and codes meetings halted, postponed
ASTM International cancels in-person standards meetings; DOE’s National Energy Codes Conference postponed.
Codes and Standards | Mar 26, 2020
Ransomware attack on Canadian contractor underscores need for cybersecurity
Victimized company Bird Construction has defense, law enforcement contracts.
Codes and Standards | Mar 23, 2020
Contractors should scrutinize contracts carefully amid Covid-19 crisis
Compliance with time-sensitive notice requirements and careful documentation required.