Category: Multifamily Management
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Smart Living: Key Tips to Conserve Water and Energy in Multifamily Residences
Read Article: Smart Living: Key Tips to Conserve Water and Energy in Multifamily ResidencesEmbracing sustainable living practices not only benefits the environment but also helps residents reduce their utility bills. Here are four practical tips for multifamily community residents to conserve water and energy, driving down costs while making a positive impact on the planet.
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Streamlining Success: The Strategic Move of Outsourcing
Read Article: Streamlining Success: The Strategic Move of OutsourcingIn the fast-paced world of multifamily business, time is money, and efficiency is critical. For many organizations, recurring monthly admin tasks can be time-consuming, taking valuable resources away from core business functions and new revenue.
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The 11th Hour 2024 Budget Improvements: Ensure Utility Expenses Incorporate Best Practices and Align with Your Organization’s Goals
Read Article: The 11th Hour 2024 Budget Improvements: Ensure Utility Expenses Incorporate Best Practices and Align with Your Organization’s GoalsWhile there are just a few days left in the current year, there is still time to adjust your utilities budget and implement best practices going forward. Here are some important steps and considerations for budgeting and reevaluating utilities in 2024.
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2024 Rate Forecasting: Why Multifamily Stakeholders Should Forecast Utility Rate Changes as Early as Possible to Maintain Financial Stability
Read Article: 2024 Rate Forecasting: Why Multifamily Stakeholders Should Forecast Utility Rate Changes as Early as Possible to Maintain Financial StabilityUnexpected rate changes can throw meticulously crafted budgets into disarray (e.g., thousands of additional dollars over budgeted amounts). By forecasting utility rate changes early in the year and accurately, stakeholders can proactively adjust their financial plans, ensuring that they have the flexibility to absorb any increased costs.
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Straight Talk On Billing Plugins vs. Billing Companies
Read Article: Straight Talk On Billing Plugins vs. Billing CompaniesHow to decide if the tools in your property management software are right for your utility billing needs or if you need a service.
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Utility Benchmarking Benefits
Read Article: Utility Benchmarking BenefitsLearn how you can benefit from utility benchmarking without having a giant portfolio.
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Doing Utility Billback The Right Way
Read Article: Doing Utility Billback The Right WayUtility billback is great for your net operating income, Here’s how to do it Right.
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Brian Stone Appointed To UMCA Board
Read Article: Brian Stone Appointed To UMCA BoardBanyan is delighted to announce its President and CEO, Brian Stone, has been appointed to the Utility Management and Conservation Association (UMCA) board.
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Welcome, Rob Esposito
Read Article: Welcome, Rob EspositoBanyan welcomes Rob Esposito to the team as the SVP of Strategic Accounts.
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How To Calculate and Decrease The Cap Rate On Your Multifamily Asset
Read Article: How To Calculate and Decrease The Cap Rate On Your Multifamily AssetOne of the most important multifamily metrics is cap rate. This post covers what it is, how to calculate cap rate, and how to decrease it.
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Why You Need Utility Expense Management In 2020
Read Article: Why You Need Utility Expense Management In 2020Processing an invoice can now cost up to $20. Outsourcing your multifamily utility payments saves time, money, avoids the stress of shutoffs.
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Reasons To Stop Flat-Rate Utility Billing Now
Read Article: Reasons To Stop Flat-Rate Utility Billing NowFlat-rate utility billing is too risky, it’s time to adopt a new billing method to protect your multifamily income.