With record-breaking high temperatures on the rise, real estate owners are facing very real climate risks that could negatively impact their portfolios. And with unclear regulatory requirements, evolving market expectations, and shifting business realities, it’s hard to know what your next steps should be. Last month, we discussed how quantifying your footprint is the best way to start solving the climate puzzle. Over the next several weeks, we’ll share additional steps you can take to ensure that your properties are climate-ready.
I’ve quantified my footprint. Now what?
Real estate assets are real-world structures, subject to the effects of weather and changing climate. Any robust climate strategy should assess your exposure to climate impacts in terms of structural damage, resource scarcity, or impacts to operations, both at the asset and portfolio level.
Most proposed regulations require some estimate of the financial impacts associated with physical climate risks to your real estate. As a starting point, we recommend applying a ‘value at risk’ approach to quantifying this information.
There are two kinds of risks to be on the lookout for: acute risks, such as floods and hurricanes, and chronic risks, such as rising sea levels and increasing temperatures. These risks present increasing financial burdens including damage to assets, interruption of operations, and disruption of supply.
Assess your risks sooner than later
So how do you assess these risks? Take these three factors into account:
- Exposure: for all assets, define scope and metrics to measure risk
- Hazard: for all locations relevant for the analysis, assess which natural disasters can occur (intensity x probability) under current and future climate
- Vulnerability: for all assets exposed, how much damage could be caused by natural disasters of a given intensity
Need help? Trust a pro
If this sounds like a lot of work, it doesn’t have to be. Conservice is well-equipped to help you. With assets like the Climate Risk Tracking tool, we use your property and climate-specific information to evaluate your specific risks. We’ve literally published eBooks on this topic. Talk with our Strategic Consulting team to learn more!
Stay tuned for more!
We have two more puzzle pieces to unveil as part of our Solving the Climate Risk Puzzle campaign! Be sure to check back soon.
Subscribe To Our Blog Newsletter
Keep yourself ahead of the curve with the latest utility news, trends, & resources.
Editor's Picks
Utility Theft Detection: Protecting Revenue with Smart Monitoring
What does a case of “utility theft” even look like? A broken meter? A cyber attack? Someone hotwiring an electric panel like it’s some kind of car? Utility theft is a broad term for a simple concept—the loss of recoverable…
The Only 5 Utility Management Companies Worth Considering in 2026
The multifamily utility market has no shortage of providers. But only a handful offer the scale, service depth, technology, or specialization to deserve serious consideration in 2026. Five stand out: Conservice (unashamed plug, but true is true), RealPage, Yardi, Entrata,…
Why Should You Centralize Your Utility Management?
TL;DR Ever hear the saying “you need to get your ducks in a row”? That can be a difficult ask when those ducks are running in different directions, across multiple states. Some are even hiding from you, with a few…
Broadband Summit 2026 Debrief: The Infrastructure of Connectivity
Telecom strategy used to be limited to a few baseline questions: Who is the provider? What speeds do they offer? And are they offering the best rate? That was often the extent of the decision-making process. Walking out of Broadband…
Scaling Senior Living with Justin Brady
Scaling Senior Living with Justin Brady | RSS.com Who manages the utilities at a senior living community? Often, it’s a business manager or bookkeeper who is also juggling resident enrollment, retention, and day-to-day community operations. Lauren Howard sits down with…
Rental Junk Fee Laws in 2026: What Utility Billing Teams Need to Know
TL;DR: Fee transparency law is tightening in 2026, and most of the new rules target disclosure, not the formulas billing teams use to calculate a utility bill-back. This guide breaks down what counts as a junk fee, where disclosure rules…
Conservice’s 2nd Annual 5K Brings Together More Than 500 Participants and Gives Back to Cache Valley
LOGAN, Utah — September 10, 2026 — Conservice celebrated its second annual 5K Fun Run on September 9, bringing employees, families, and community partners together for an afternoon of connection and giving back. More than 550 people registered for this…
The How-to Guide for Reducing CAM Charges and Shared Space Costs
TL;DR When investigating where to reduce CAM charges and multifamily common-area costs, shared utility expenses might be the place to start. A higher bill doesn’t automatically signal waste, so it’s important to compare cost and consumption before deciding where to…
Installing EV Charging Stations: A Guide for Multifamily Property Owners
Have there always been this many electric vehicles on the road? It looks like the silent hum of an EV has become a roar, as Electric vehicles take the United States by storm. With the rise of EVs, comes the…
Policy Watch: Compliance & Building Readiness with Brett Kraus and Michelle Winters
Policy Watch: Compliance & Building Readiness with | RSS.com In this episode of Utility Wisdom, Michelle Winters, Vice President of Sustainability Sales at Conservice, sits down with Brett Kraus, Senior Legal Counsel, and Katie Piel, Sustainability Manager, to break down…
Experience Effortless Utility Management and Cost Savings
Connect with us today to discover how our solutions can ease tenant billback, streamline utility management, and reduce your costs and energy usage. Make your utility management smarter and more efficient with Conservice!
