Have a positive and substantial impact on the environment.

Have a positive and substantial impact on the environment.

In 2016, approximately 40 percent of total U.S. energy consumption was consumed by the residential and commercial sectors. (Source: U.S. Energy Information Administration.)  Building owners and property managers work daily to lower their property’s energy consumption, water usage and waste output.  Working with the U.S. Environmental Protection Agency’s ENERGY STAR Portfolio Manager program, they benchmark energy and water consumption and waste output and costs.  They follow industry best practices to reduce energy, water and waste by carrying out low and no-cost strategies, such as replacing lighting with LEDs and employing a robust preventive maintenance program to engaging tenants in sustainable practices.  The property team can make a significant and positive impact on the environment.  Sustainability is not only good for the environment, it is a best business practice.

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The duties and responsibilities of property managers have grown over time with an increased focus on maximizing the bottom line for their owners. Property managers are responsible for a diverse set of duties for a single property or a real estate portfolio, including overseeing the day-to-day operations; managing marketing and leasing; preparing, submitting and managing the property’s budget; performing lease administration duties, monitoring rent collections; directing tenant retention programs; coordinating property maintenance and repair; and ensuring the property’s compliance with policies and procedures, building codes and regulations. Property managers are not only involved in the daily operations at the property level, they must have a comprehensive understanding of the owner’s strategy for the property or assets in their real estate portfolio.
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