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Evicting a Tenant Without a Lease in NYC: What You Should Know
Owning a multi-family building comes with many duties, including maintaining units, managing staff, and tracking...
By: David Schwartz on Mar 9, 2020 11:06:12 AM
If you’re a property owner who includes utilities as part of the lease agreement, one of the best ways to improve your return on investment is by making the property more energy- and water-efficient. In this article, we’ll review the best ways to upgrade the properties you manage for long-term water conservation and savings.
So much of the water that is wasted in a property is due to structural, not behavioral, issues. After all, your tenants are going to take showers, use the restroom, and do their laundry. What you can control is how water-efficient all of those actions are. By making upgrades throughout the property, you can greatly reduce the amount of water that is used—and wasted—on a daily basis. Here are the best projects to focus on:
Let’s face it: if you’re the one footing the bill for the water used in your building, your tenants have less incentive to take shorter showers or run laundry in a more efficient way. However, that doesn’t mean they’ll necessarily let passive water waste—such as dripping faucets, leaking pipes, or flooded irrigation—happen without telling you. Here are some ideas for making such reporting more efficient and effective:
Of course, relying on your tenants to monitor and report all water waste is far from a perfect system. Not all tenants will be equal participants in that process. To complement these efforts, you should add automation.
As every property manager knows, the more rentals you have, the greater the burden of upkeep and maintenance becomes. Personally visiting every property regularly to make sure that a toilet isn’t leaking or water isn’t being wasted is like playing a game of whack-a-mole: you probably won’t catch all the problems when they happen, leading to higher-than-expected water costs.
If you own multiple properties, each with multiple toilets, you can save money and detect leaks more efficiently with wireless toilet monitoring technology. Once installed, these devices feed water usage data back to an app, allowing you to quickly detect perpetually running toilets or toilet leaks. Instead of going through the trouble of inspecting your properties regularly for this issue, you can take a much more targeted approach.
For property owners and managers of large buildings or complexes with multiple units, devices such as The Toilet Scrooge can be a major game-changer. You could save thousands of dollars annually with toilet monitoring.
If you’re a property manager who owns or oversees multiple units, excessive water consumption might be eating into your returns. Now’s the time to take action and start making upgrades that will help your properties conserve water. Get the facts and figures behind water conservation and water-saving upgrades by checking out this new infographic from the team at Allbritten in Fresno, CA.
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