ADDITIONAL SOLUTIONS
Paul Ceronio has 15 years of facilities management and operations experience in commercial/residential real estate. You can connect with him on LinkedIn.
Many properties utilize meters for individual tenant spaces to collect data around electricity and water use, and bill each tenant for their share of total building consumption.
About 7,000 of those units have been acquired in the last year. The acquisitions team is saying there will be another 12,000 this year.
For most asset managers, “maintenance and repairs” is no more than a line item on the P&L that increases a small percentage each year. This is understandable,