Utility Rate Audits: Because Assumptions Aren’t a Strategy
Making assumptions about massive amounts of cumulative dollars year-over-year is never a good idea. Yet every year, real estate owners all over the country are making the costly assumption that their utility rates are fair, accurate, and as low as they…
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Scaling the Student Turn Mountain
If resident turnover rates were landscapes, rates for conventional multifamily communities would be the Smoky Hills of Kansas, and student housing rates would be the steep, jagged Rockies in Colorado. Because while both community types may experience similar turnover amounts…
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Gas and Power Prices: An Escalating Future
Change causes change. As the headlining big numbers that affect our lives and our businesses get bigger, the quieter goods and services that stand on top of them begin to shift in hard to nail down ways. Consider a recent…
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Don’t Let Utilities Eat Your Accountants
Accountants create value. They’re money managing superheroes. Individually, they analyze expenditures and maintain your business’s institutional compliance. As a part of a whole, the financial reports and future-earnings analyses they create are the foundation of business intelligence. Essentially, they fuel growth.…
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7 Commercial Utility Revenue Robbers
As a commercial real estate (CRE) owner, you have a lot of tasks and expenditures to worry about—and, odds are, utilities aren’t your primary focus. But with an average cost of $2 to $4 per square foot—they aren’t an expense you…
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Electricity Execs, and Sustainable Utilities
Last week, on February 9th, President Biden hosted a roundtable meeting with executives from electric utility companies throughout the U.S. to discuss the benefits and drawbacks of his Build Back Better plan and what it may mean for the future of clean…
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Well…Single Family Exploded. Now What?
Single-family properties are a big ole’ wave. And like it or not, you’re either riding it, about to ride it, or at risk of being buried beneath it. Motley Fool reported that in the third quarter of 2021, investors purchased 90,215 homes with…
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Lowering Utility Costs in a Pandemic
Well, we’re a couple of years into the pandemic now, and it’s safe to say that most of us—regardless of our role within the industry—have experienced some curveballs, forcing us to either adjust our processes or strikeout. We’ve encountered mail…
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Kick Open a $6T Door by Benchmarking Utilities
Utilities are background noise. They’re an unpleasant necessity. An overhead cost. A thing to be accomplished so that the real work can happen. Right? You think of utilities, you think of a bill. A blurry collection of expenses. You pay…
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Editor's Picks
Multifamily Housing Trends
Real estate is always evolving due to the needs of the market and the creation and integration of new technologies. One specific trend is the growing demand for multifamily homes built to rent, especially among millennials. Multi-family trends will continue…
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ENERGY STAR NextGen Certification: What’s New & How Conservice Can Help
The wait is over—well, almost! The EPA has officially announced the launch of ENERGY STAR NextGen certification, a new tier designed to recognize the nation’s most energy-efficient, low-emissions buildings. Applications open on February 24, 2025, giving properties just a few months to prepare for…
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Your BPS Blueprint: A Guide to Emerging Building Performance Standards
You hear “greenhouse gas emissions” and you think…what? “Cars,” certainly. “Industry,” probably. “Agriculture” generally, and “cows” tragically. It might surprise you, then, to find out that a major portion of our nation’s contributions to global greenhouse gas emissions come from…
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Winning the Big Utilities Game
The Big Game fervor is mounting across America. Fans make meticulous plans for their game-day feasts – wings, nachos, or perhaps a mix of both – and don colors to root for their favorite team. Living rooms turn into arenas,…
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Why Vacant Cost Recovery is Important
Communities often bill their residents for various utility charges like water, sewer, and trash. However, there are two utilities that residents are typically required to set up in their own name with the local utility provider: electric and gas. What…
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What’s the Importance of Sustainability for Multifamily
It doesn’t take a keen eye to see that the focus on sustainability is growing increasingly more relevant every day. You could even say the green initiative has moved in, unpacked its bags, and is here to stay. You hear…
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What is ESG? Understanding the Acronym
So what is ESG (Environment, Social, Governance)? And why should property managers and owners invest in long-term ESG strategies? Cole Courson breaks down how ESG metrics provide insight into everything from environmental responsibility and community impact to corporate governance practices,…
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Utility Rate Audits: Because Assumptions Aren’t a Strategy
Making assumptions about massive amounts of cumulative dollars year-over-year is never a good idea. Yet every year, real estate owners all over the country are making the costly assumption that their utility rates are fair, accurate, and as low as they…
Read More
The Unbelievable Scope of Utilities | Utilities Management for the Real Estate Industry
Step into any building. Flip the switch. Turn on the tap. Crank the heater or run the AC. Watch that building come to life. Buildings are living organisms. They possess their own form of lifeblood that sustains their existence and…
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The Insidious Hole You Might Dig for Yourself: Utilities in Build-to-Rent Properties
Some think it’s the underrated investment strategy of the future. Others in the industry insist it’s a crazed phase doomed to settle into a niche offering. But wherever you land on the will-they-won’t-they of build-to-rent (BTR) investments, they’re growing. From mainstage topics…
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