New Changes to Credit Score Reporting for Multifamily Housing
Credit scores are an integral part of everyone’s financial life. A good credit score can unlock savings and other financial benefits, like low interest rates and more favorable terms. Because timely rent payments are not traditionally reported to credit agencies,…
Read MoreWhy 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…
Read More3 Ways Retail Operators Reduce Their Utility Expenses
In today’s economic climate, it’s becoming glaringly evident that retailers need to save money to make money. While there may seem like endless avenues to explore when looking to cut operating costs, there is one often overlooked: Utilities. Utilities are…
Read More5 Things You’re Doing Wrong With Your Multifamily Utilities
Running a multifamily community is no easy task, and when you have multiple communities to manage it becomes even more difficult. As such, it’s natural that you would stick to tried and true practices whenever possible. However, times evolve, laws…
Read MoreHow to Use RUBS to Improve Utility Cost Recovery
If your property isn’t equipped with submeters, you might be wondering how to fairly charge your residents for utilities. RUBS uses the property’s shared utility expenses to calculate resident charges using a predetermined formula. What Does RUBS Stand For? RUBS…
Read MoreMinimize Risk, Increase Your Bottom Line
Multifamily property owners are tasked with managing regulatory compliance in a multitude of ways; evictions, landlord and tenant laws, fair housing, and data security and privacy, just to name a few. So, it comes as no surprise to hear that…
Read MoreProperty Owners Overpay on Utilities by 15%
Property owners across the nation are overpaying for their utilities by way of ineffective provider rates and errors. Utilities are one of the largest operating expenses for property owners and provider errors are on the rise, resulting in unnecessary overspending…
Read More4 Shopping Center Management Best Practices You May Not Be Following
As a retail property owner, you want to ensure that you apply the best management practices to attract retailers, especially when it comes to commercial utilities. Entrepreneurs want to take their businesses to locations where they see a difference in property…
Read MoreHow to Conserve Water as a Landlord
You might be wondering why conserving water is necessary, or who is truly affected by water conservation efforts? Many are under the impression that conserving water is a difficult task that requires high costs. This is not the case, there…
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