This is a test post
The manual process of utitliy submetering & billing is inefficient, inaccurate, frustrating and costly.
An automated utility submetering & billing process is performed efficiency and with 100% accuracy.
This infographic compares the two processes point by point.Read More
Since the Financial Crisis of 2008, the real estate industry has seen a recovery and large returns in many markets (albeit not all). Now, a decade later, high yields are no longer guaranteed.
With revenue progression relatively fixed, the focus for CRE owners and operators should be on cost reduction and tenant retention for added value and stabilized NOI.Read More
Many Commercial Real Estate (CRE) companies bill their tenants each month based on the amount of electricity, water and/or gas they consume. Generally, this is a smart business move.
There's just one little problem. The current process of billing tenants for their actual consumption is inefficient, inaccurate, frustrating and costly. Here are the biggest problems with tenant submetering as it stands today and how technology can help alleviate them.Read More
For many operators in commercial real estate portfolios, it’s a struggle to find the time to plan and implement a comprehensive maintenance plan. Ironically, this is often because they are dealing with unscheduled emergencies so often that they can’t take a step back.
In most cases, under-maintaining assets leads to a “debt” that is impossible to recover from. Worse, this reactive maintenance process relies on tenant complaints for fault detection, which means the problem likely has been occurring for days or even weeks.Read More
Get a visual breakdown of how Enertiv's Operations Performance System works at different levels of a building. From tracking fan belt failure on the roof, to submetering tenants throughout a building and all the way down to chiller performance in the basement.
Transparency is an abstract concept, but it is something that building operators need to do their job effectively. This visual will help you see what we mean by transparency into your assets.Read More
Imagine it’s 1:14 AM. Demand for your exhaust fan was interrupted and the fan scheduling was reset to factory settings. As a system essential for the health of occupants, it should be running 24/7. Instead, later that night, some of the cleaning crew gets sick due to a lack of ventilation in the basement.
Unfortunately, this is not a hypothetical. This is a real situation that occurred with an Enertiv customer, and illustrates well what we mean by “critical” equipment.
According to the Building Owners and Managers Association (BOMA), electricity and maintenance costs account for roughly $3.50 of the almost $8.00 per square foot in annual operating costs.
Given the scope of the problem, it’s surprising that so many landlords treat maintenance and energy costs as fixed and unavoidable. Management of these systems, and their associated costs, are essential to maximizing asset value, yet a shockingly few number of portfolios have an effective strategy in place.