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What is Green Property Management?

Posted on 12. Apr, 2010 by Kimberly Madrigal in Greener Properties

By undertaking a green property management plan that seeks to balance human needs with ecological concerns, managers can substantially affect the environment and the quality of life for residents.  Our buildings use 40% of the world’s energy and produce 35% of CO2 emissions according to the Worldwatch Institute.  Building operations also consume 16% of fresh water and create 40% of municipal landfill waste.

Energy
Energy consumption is directly concerned with electricity usage, domestic hot water and heating, ventilation and air conditioning (HVAC) systems.  Here are some simple, inexpensive steps to reduce consumption and increase energy efficiency:

Water
By taking a proactive stance in conserving this precious resource, smart rental property managers can stay a step ahead of building mandates and enable tenants to meet any regional restrictions without too much effort.

• Install bathroom faucet aerators of .75gpm (gallons per minute)
• Install low flow 1.75gpm low flow showerheads
• Make sure toilets use no more than 1.6gpf (gallons per flush)
• If the dishwasher in a house is past its prime, install an Energy Star model
• If the property has sprinklers, consider installing rain sensor controls or landscaping with plants that require no extra water

Materials
When a vacancy is imminent and managers are evaluating repairs versus replacement, the opportunity may arise for choosing green materials.  While cost is a primary consideration, also consider:

• Durability
• Service Life
• Performance
• Toxicity
• Source Location of the Material or Product
• Operational & Maintenance Requirements
• Manufacturer’s Environmental Policies

Indoor Air Quality
It’s no wonder indoor air quality has become an important health issue since studies show people spend about 90% of their lives indoors.  A general rule of thumb is if a product emits a chemical smell, it probably contains volatile organic compounds (VOCs) and should be avoided.

• Use no or low-VOC paints, sealers and caulks
• Purchase carpeting with the Carpet and Rug Institute Green Label
• Avoid pesticides and toxic cleaning chemicals
• Add a “No Smoking” clause to your leases

Managers should also take advantage of local, state and federal programs that may include free energy audits, weatherization, free materials and extensive rebates.  And don’t forget – when you make these improvements you should definitely reach out and tell your existing and prospective residents – it is a great marketing opportunity!

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Turning Over a Green Leaf
Two Big Ways to be a “Greener” Property Manager
Apartment Communities Are Going Green
Green Pest Control in Property Management
Does Green Property Management Pay Off?

Tags: Energy Efficient, LED, VOCs, Water Conservation