Going green is all the rage. It’s definitely great for the environment, but did you know that going green could actually help you save money? You could cut energy costs by up to 20 percent!
There are two main ways to save money, and we’ll provide you with specific green property management tips for each one.
Go green in the office
The quickest and easiest way to go green and see results right away is to start in your office.
How much paper do you use on a regular basis? You can cut back on all that paper by implementing online payment options. You can even upload rental applications and receive them electronically. You’ll create less waste, but you’ll also save money on paper and ink.
If you do have to print in the office, adjust your printer so that it prints on both sides. You can also adjust the printing capabilities to use less ink, which will help you save money. When it’s time to get rid of stacks of paper, make sure you recycle them. While you’re at it, implement a recycling program in your office so everyone can recycle plastic bottles, cardboard, and more.
Did you know that leaving computers on overnight cost companies $2.9 billion dollars in 2009? You could be spending an extra $36.60 each year to leave your monitor on, and $60.04 to leave the computer on. That’s nearly $100 a year on a single computer! Turn your computers off each night and save energy and money.
Finally, take a peek at your thermostat. Are you adjusting the thermostat every day when you leave work? You can save up to 10 percent on your energy bills by adjusting it by 7 to 10 degrees when you’re not in the office.
You can adjust the thermostat while you’re in the office too. You can save approximately three percent for every degree you adjust the thermostat. In the winter, encourage employees to wear long sleeved shirts and sweaters, and allow sandals and shorts in the summer. That way you can adjust your thermostat by as much as three degrees.
Go green at your properties
Going green at the office is the easiest way to save money, but there are plenty of things you can do to make your properties greener too.
If a unit is sitting empty and you’re just waiting for a new tenant, consider unplugging a few of the appliances. The stove can definitely be unplugged, and the refrigerator can be unplugged too, as long as it has been properly cleaned and it is plugged in again before your new tenants arrive. You can adjust the thermostat while the unit isn’t occupied as well. Keep it at nighttime temperatures and you can save big.
Consider upgrading appliances. Your tenants will thank you for upgrading to Energy Star appliances. You can even upgrade the toilet to a low-flow model, install tankless water heaters, and update heating and cooling systems.
Encourage tenants to switch to energy saving lightbulbs by dropping off free packs at their doorstep. You can also replace light bulbs as you’re turning the apartment.
If you go a little greener, you’ll save a little bit of money, but you’ll feel good knowing that you’re doing something good for the environment too. Want to learn more about all the energy that you’re using? Click here to learn more about your unique carbon footprint.