Multifamily owners and developers are familiar with the substantial upfront costs of building, renovating and upgrading properties, especially when it comes to energy-efficient units. Although it tends to be an expensive endeavor, eco-friendly units not only provide long-term sustainability and benefits to the environment, but to the property’s residents as well as the developer. There are several federal incentives in place for energy ...
This year was certainly abnormal for budget planning due to the pandemic. It’s not prudent to base 2022’s budget based on 2021 actuals. It’s important to recognize areas that have become more critical, like turnover, raising rents and reducin ...