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 | Oct 7, 2019
Tailgating remains a critical building security threat, say security professionals
Few buildings provide beefed up provisions to counteract threat.
Codes and Standards | Oct 7, 2019
New seismic standard to evaluate, retrofit existing structural steel buildings open for review
AISC seeks input through Nov. 4.
Codes and Standards | Sep 27, 2019
Open source tool allows comparison of embodied carbon emissions from construction materials
Enables carbon-smart choices during material specification and procurement.
Codes and Standards | Sep 27, 2019
AIA declaration: Climate change requires ‘holistic approach’
Must address interdependencies among people, buildings, infrastructure, and the environment.
Codes and Standards | Sep 26, 2019
San Jose’s new building energy code is the most stringent among large cities
New regulations aim to make zero-emission electric buildings the norm.
Codes and Standards | Sep 26, 2019
Building support for climate action depends on linking it to health, economic benefits
USGBC report finds most people don’t think environmental problems significant enough to prioritize action.
Codes and Standards | Sep 20, 2019
OSHA has a new chief for its construction directorate
Former Army medical staffer Scott Ketcham has extensive OSHA experience.
Codes and Standards | Sep 20, 2019
American Wood Council updates free Connection Calculator
Tool includes cross-laminated timber connection provisions and post-frame ring shank nails.
Codes and Standards | Sep 19, 2019
Virtual reconnaissance of Bahamas finds some structures performed well during Dorian
Amid devastation, lives likely saved by resilient buildings.
Codes and Standards | Sep 19, 2019
Obama-era Waters of the U.S. rule revoked
New rule expected to define protected waterways more narrowly.