Top 5 Ways to Reduce Utility Expense [eBook]
Managing energy costs for your multifamily community can be a headache. With a number of properties in your portfolio and countless responsibilities to balance, it’s easy to overlook areas where water and energy are being wasted. Maybe you’ve experienced a vacant where the AC was left running, or a utility bill wasn’t processed in time to meet a shortened payment cycle—resulting in late fees and shutoffs. Situations like this are common in the property management industry, and can result in large, unnecessary costs for your business; but can be avoided.
“Many people in the property management industry aren’t aware of the tools available to identify energy and water waste and the added value these add to the properties through savings.” said Danny Ward, vice president of market development for RealPage, Inc.
To improve your bottom line and become more sustainable, you need access to key insights that support efficiency and cost savings. A utility management software solution may be the answer. Choose a provider that will equip you to discover hidden sources of revenue, improve collection rates and help you make better energy decisions. A great utility management software not only securely stores all data, but provides a detailed analysis of information and presents it in a way that makes sense.
“This year alone, a Velocity Account Manager made billing change recommendations that could result in an expense recovery increase of $95,000” said Marcus Wilson, Director of IT at Advenir.
With a clean, regulatory record, Velocity from RealPage has the necessary resources to support your business growth. The start-to-finish solution makes it simple to take control of your spending and consumption, and automates processes to help you become more efficient. Download our new eBook today and learn how your business can avoid utility late fees and reduce your overall utility expense.