New owners of multifamily residential property are often surprised at the number of laws that affect their ability to do business. In addition to statewide landlord and tenant codes, an owner electing to pass through the cost of usage and ancillary services must consider the local utility tariffs, city or county ordinances, state utility […]
California
California Senate Bill 7 (SB 7) was signed into law in 2016 by Gov. Jerry Brown. By its terms it becomes effective as of Jan. 1, 2018. All properties that request a water connection from a water utility after that date must demonstrate that the units at the property will contain submeters to measure […]
Increasing property value through Fannie Mae’s green financing
Whereas the future was once plastics, in the world of multifamily it boils down to cap rate. It drives everything—and low-cost financing drives it.
Financing and its ensuing debt servicing not only sets the world stage (how much do we owe China and what do they […]
Affordability and benchmarking in affordable housing
As a recent addition to the affordable housing realm, I’ve had to adjust my approach to the areas of opportunity an ancillary revenue and utility management person would generally operate in. Utility management specifically has taken on a new focus. I’m used to categorizing properties by building type, […]
Apartment owners and operators love the business of real estate. Creating value. Improving process. Trading assets.
But accounting, producing financial reports and other repetitive functions? Not so much.
The core of utility management is found in the books. And while keeping the books is critical to the value of an operation, the process can […]
I’m delighted to be here—in this moment, at this time, with this message.
As multifamily housing owners and operators, and those who support their enterprises, we have amazing opportunities before us. At no other time in history have so much technology, research and infrastructure aligned so perfectly to create a laser focus on efficiency of […]
Let’s start in the garden. We know that light from LEDs grows plants quicker and healthier than other methods, including natural sunlight. Sunlight contains the full spectrum of colors, giving plants the information needed to grow. Tinkering with this spectrum, which LED lights allow with precision, elicits known and specific responses. Increase the amount of […]
California
California Senate Bill 7 (SB 7) was signed into law by Gov. Jerry Brown, and goes into effect January 1, 2018. Properties that request a water connection from a water utility after that date must demonstrate that the property’s units are submetered to measure water consumption.
Additionally, multifamily operators must include specific language […]
Health is a hot topic these days. From insurance to lifestyle to diet, it’s anyone’s guess as to the best path to a long and healthy life. Still, what if health had just as much to do with where you spend your days as it does with your behavior?
Even though time spent outdoors has […]
Few features are as compelling.
It improves cash flow. It increases property value. It simplifies your relationship with residents. Installing submeters eliminates one of the highest expenses on a property with a pay-off term between 14 to 18 months. They increase net operating income (NOI) and make a property’s rents more competitive. Social bonus: They […]
