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 | May 7, 2019
Office noise significantly reducing employee concentration, productivity, and creativity
Workplace distractions cause some to choose to work remotely.
Codes and Standards | May 7, 2019
WSP USA says it will be carbon neutral in 2019
Engineering firm will offset carbon at all offices and with employee business travel.
Codes and Standards | Apr 25, 2019
Report: Contractors invest $1.6 billion in workforce development annually
ABC members increased training spending 45% from 2013, according to a new report.
Codes and Standards | Apr 25, 2019
New York City’s Green New Deal would ban all-glass skyscrapers
The ambitious plan would also boost affordable housing, reduce building emissions, and update codes to account for sea level rise.
Codes and Standards | Apr 25, 2019
Chicago, Houston, and Dallas deemed ‘most dangerous cities for migratory birds’
The three cities are in the heart of North America’s most trafficked aerial corridors.
Codes and Standards | Apr 19, 2019
Notre Dame fire highlights danger of renovating historic structures
The devastating fire at Notre-Dame de Paris is the latest blaze to damage or destroy historic buildings while undergoing renovations. It highlights how vulnerable such structures are to fire while undergoing repairs.
Codes and Standards | Apr 19, 2019
Developers and owners can now join AIA 2030 Commitment
Organization offers tools and resources for working toward net-zero design.
Codes and Standards | Apr 19, 2019
New method of manufacturing cement removes CO2 from the air
Breakthrough could have significant impact on reducing greenhouse gas emissions.
Codes and Standards | Apr 12, 2019
Deadline nears on New York City sprinkler requirement for tall office buildings
The mandate applies to all buildings regardless of when constructed.
Codes and Standards | Apr 8, 2019
LEED v4.1 now available for cities, communities, residential/homes
The rating system emphasizes performance monitoring, fully integrated design, social equity, and human health.