A small but growing demand from renters who are looking to live in an eco-friendly home is an excellent opportunity for property management companies to differentiate their rentals and stand out from the crowd.
Property Managers Are Going Paperless and Using Web-Based Technology
76% of all property managers are very interested in using less paper. Moving towards a paperless office eliminates ink cartridges, hours of filing, pricey bank checks, postage and paper.
The use of web-based technology is also allowing property managers to make great improvements in their business productivity. The kinds of technology used in the office to reduce paper consumption according to a NARPM survey included:
- Web-based Property Management Software: 48% of respondents take advantage of the mobility provided by web-based property management software.
- Using Email: 88% of respondents to this survey said that using email for owner statements, reports, reduces paper costs and is fast.
- Accepting Rent Online: A large number of property managers surveyed (50%) accept online rent payments, significantly reducing the time and cost associated with processing rent checks
- Owners Portal: Almost half of the property managers surveyed (41%) report using an owner’s portal to communicate with owners and post statements and documentation.
It Will Help Tenant Retention
Attract Residents with Green Landlording
VOC Free Paint: VOCs are found in most household paint. These paints off-gas harmful compounds months after application. Opt for low or even zero VOC paints and You’ll appeal to potential tenants because its healthier
Water Conservation: Outfit new rentals with water conservation devices. Add low flow showerheads to your green arsenal. Add water aerators to all faucets and save even more.
Water Conservation: Install toilets that use less water. Water-saving toilets are now standard on all new construction due to a 1992 federal mandate for plumbing fixture manufacturers.Low-flow toilets, use 1.6 gallons per flush of water or less, compared with older toilets that use 3.5 to 7.0 gpf.
Dimmers: Add dimmer switches and replace all light switches allowing the user to determine how much light they need, reducing the amount of energy used.
Programmable Thermostats: They will save a ton of energy.
Doing good can pay off if you let prospective tenants know you are thinking about their health. Produce a flier, market yourself as green. At this point, green alone wont make the sale or get the client. However, all things being equal, its a no brainer to choose the green owner manager.
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