As a partner working with the board members and shareholders, they identify short-term cost-saving opportunities and develop a long-term strategy for common elements such as mechanical equipment.
CHICAGO, Ill. (PRWEB) October 20, 2016
Robert Meyer, director of engineering for FirstService Residential, Chicagoland’s leading property management company, recently addressed Franklin Energy’s Multifamily Summit as the keynote speaker. The conference was attended by energy efficiency professionals from coast-to-coast to share multifamily best practices, ideas and opportunities. Meyer discussed the current state of energy efficiency programs and challenges within professionally managed residential properties.
Meyer shared FirstService Residential’s standard practice for managing a new property. As a partner working with the board members and shareholders, they identify short-term cost-saving opportunities and develop a long-term strategy for common elements such as mechanical equipment.
“We always strive to leverage the property’s energy audit and create an efficiency plan, maximizing savings and engaging the board and shareholders in ongoing efficiency efforts,” said Meyer. “We also work with on-site staff to train and educate them on best practices and how to keep the equipment operating at peak efficiency.”
Meyer continued to explain how one of the company’s managed properties, a condominium high-rise in the Gold Coast, conducted an energy and lighting audit through one of FirstService Residential’s vendors. By executing the audit, the association realized they were paying a substantial amount on lighting expenses. By upgrading their lighting to LED and taking advantage of utility rebates, the association will save 81% or approximately $33,000 annually in lighting costs.
“Kudos to Franklin Energy for hosting this great event, bringing energy efficiency professionals and experts together to foster a level of ingenuity and progress. The future of energy efficiency looks bright for multifamily housing,” said Meyer.
About FirstService Residential
FirstService Residential is recognized as Illinois’ leading and most experienced full-service community association management firm. For over 65 years, FirstService Residential has continued to provide the best-in-class community management solutions and genuinely helpful service to its more than 150 communities and 50,000 residents throughout Chicagoland.
FirstService Residential is North America's largest manager of residential communities and the preferred partner of HOAs, community associations and strata corporations in the U.S. and Canada. FirstService Residential's managed communities include low-, mid- and high-rise condominiums and cooperatives, single-family homes, master-planned, lifestyle and active adult communities, and rental and commercial properties.
With an unmatched combination of deep industry experience, local market expertise and personalized attention, FirstService Residential delivers proven solutions and exceptional service that add value, enhance lifestyles and make a difference, every day, for every resident and community it manages. FirstService Residential is a subsidiary of FirstService Corporation, a North American leader in the property services sector. For more information, visit http://www.fsresidential.com.