Knowing the art of keeping the energy cost at its lowest can be a deciding factor in the triumph of a property management firm. This is very much evident in the context of Kaizen AMS. We implement innovative utility management techniques to reduce the energy cost. Leveraging both real-time and historic data, Kaizen AMS continuously monitors the energy usage of the property to take corrective actions on time and curtail the high energy usage.
According to the National Apartment Association, utility bills account for up to 30% of the operational cost of the building. Thus, utility management becomes an important area for property managers to focus on as it boosts efficiency, savings, and reduces the overall energy cost. Lower energy costs also cut down on the high rental rates as it is one of the major components of rental value. Kaizen AMS’ invests significantly in adopting novel technologies & methods such as PropTech to reduce energy usage and minimize energy bills for the tenants. This is what makes Kaizen AMS’ managed properties an attractive residence and long-term value option for the prospective tenant. It is pivotal for property management firms to consider energy, waste, and water usage metrics that can adversely impact their business.
Reducing energy consumption is the first thought which comes to mind of property managers when they think of curtailing energy cost and improving efficiency, however, this is not the only option. There are several other ways through which energy cost can be minimized in spite of significant usage
Regular Maintenance and Upgrades
The secret to cut down on the utility cost is to realize the importance of routine maintenance and energy upgrades. It has been found that most of the property managers consider maintenance and upgrades as an expense and do not plan or invest much into it. As they say, ‘If you fail to plan, you are planning to fail’. A vast majority of property managers fail to realize that a property with an old chiller or heating system will take a lot of time to perform cooling or heating compared to one with a new and innovative chiller. This is one of the most common reasons behind higher energy bills at UAE properties.
Timely maintenance, replacement, upgrades, and usage of advanced materials such as efficient windows, sustainable construction materials, lighting, etc. significantly improves the energy performance of the building and also minimizes the cost of living for the tenant.
Kaizen AMS understands that a timely proactive replacement of a decade-old chiller in the building will reduce the total cost of ownership in the coming years. Thus, we continuously invest in performing regular maintenance and upgrades as it is a big payoff and also demonstrates our strong commitment towards the safety and well-being of the tenants of the buildings we manage.
Kaizen’s technology team automates energy usage wherever possible, which results in significant energy savings. We automate the areas where the community shares responsibilities. This includes – showers near the pool which turn off automatically and electric appliances in the common areas that operate at a lower heat and consume less water. Automating electronic appliances cut down energy usage by 30% and also reduces the extortionate energy bills. This makes the Kaizen managed properties appealing to every tenant.
Submetering is one of the most effective ways to reduce energy costs. It is the process in which a utility firm provides a breakdown on the basis of subunits. In case the property is a duplex with two or more tenants, an owner can request a separate electricity bill for each unit. The prime benefit of submetering units is that tenants are responsible to pay their individual utility bills and not the expenses passed by the property management firm. Furthermore, when a tenant knows they are responsible to pay their utility bill, they tend to use less energy. This not only reduces their energy bills but also conserves energy for the greater good.
Timely Monitoring of Energy Usage
Kaizen AMS has a specialized team of energy experts who timely monitor the energy cost and ancillary expenses. We deploy advanced energy modeling software to predict the energy usage of the building based on the climate, location, construction, size, and construction material. When the usage exceeds the specified standard, the software alarms the team to take the necessary steps. The software also predicts the energy usage of the building accurately and assists the building managers in adopting the design that improves energy efficiency to maximize the overall return on investment (ROI).
Energy Modeling Software to Track Energy Usage
Kaizen’s technology team, which consists of top engineers from prestigious engineering institutions has developed an intuitive & comprehensive energy modeling software to track the energy usage of each tenant in real-time. The prime reason for the development of the software is to make sure we take necessary steps in case a particular tenant or building as a whole exceeds the set limit. This ensures Kaizen AMS always meets its energy goals every year. We are also equipped with an unconventional dashboard that continuously explores opportunities to save energy. It also monitors progress and calculates the savings from our energy conservation initiatives.
Timely Reminder to the Tenants on their Energy Usage
The Kaizen AMS’ energy efficiency team sends timely automated reminders to the tenants on their current energy usage, and expert advice and tips on how to conserve the energy efficiently.
Organizes Energy Management Studies
Kaizen AMS ties-up with energy efficiency firms to conduct energy management studies at regular intervals. We encourage our employees and concerned parties to provide their valuable suggestions on energy conservation and reward the best ideas. The Kaizen AMS’ leadership fosters a culture of innovation in its processes to ensure our clients get the lowest energy bills and we stay on the top in terms of energy conservation.