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Green Landlording: Getting Tenants to Go Green

Getting Tenants to Go Green.

As property managers, we can't insist on behavioral changes. Going green can be a tough sell to a renter. After all, a building is only as green as the people who manage and live in it. Managers are key players and can encourage activities that reduce consumption and waste. The catalyst is education.

We Are All Stakeholders
You need to demonstrate the benefits. Tenants can be inspired to go green by emphasizing a better living environment and eco citizenship. Getting to that point, begins at the leasing process. Educate tenants on easy, cost effective ways to help the environment. Tips such as using compact fluorescent lights, unplugging electrical devices or recycling. That way both tenants and owner/managers can capture the benefits of saving money and natural resourcesGo for the easy things.

Its Good Business
An apartment.com study reports found tenants want to live a more sustainable lifestyle. More than 25% said they would pay more in rent to save money on energy costs. So set the tone for sustainability by making environmentally-friendly choices. Here are some easy, inexpensive ways that go a long ways towards a more sustainable healthier environment. For more energy saving ideas go here

Low Flow Toilets - Cost - $150-1500.00
If you decide that it is time for a toilet replacement, you reduce water use and bank teh savings. Replacing a 18 litre per flush toilet with an ultra-low-volume 6 litre flush model represents a 70% savings in water flushed. You can save as much as 7500 gallons of clean, fresh water annually

Shower Heads - Cost - $15-100.00
Conventional showerheads have flow rates up to 4 to 5 gallons per minute. A good low-flow showerhead can reduce water use by 50% and still provide a good shower

Faucets -
Leaky Faucet: One drop per second can waste as much as 10 gallons of water each week. Deferring basic maintenance can be costly.

Faucets Aerators - Cost - Less than $5.00
Conventional faucets have an average flow rate of almost 4 gallons per minute. Faucet aerators can reduce your home water consumption as much as 50%, and reduce your heating costs as a bonus.

Programmable Thermostats - Cost - $50-150.00
Tenants save up to 20% of total energy costs using a programmable thermostat by reducing temperature 5 degrees at night and 10 degrees during the day, whenever possible.
Start small and do the easy things first. Talk up green living at the lease signing and be a partner in creating a safer and healthier living environment. There is no better way to change behavior then by setting a good example. And by the way, reducing operating costs is good business. Save money and do well by doing good.

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Green Home Trends: 2010

The key to mainstreaming green homes is to make sure that consumers understand the value of green upgrades — how cost-effective energy efficiency can be in the long run. Consumers want homes that are environmentally friendly and home values should reflect the increased savings.

Better Homes and Gardens


Recent poll results of 2,342 people who plan to purchase or do a major home improvement in 2010 show (numbers have been rounded):
  • 2% of consumers are planning to have high-efficiency heating and cooling in their next home
  • 3% are planning to have high-efficiency appliances
  • 3% will have geo-thermal heat
  • 5% said energy-efficient heating and cooling will be more important to them
  • 6% said Energy Star appliances will be more important

Appraising Green


Appraisals need to better reflect the value added to energy efficient green upgrades. Legislation is pending which will require the consideration of any renewable energy sources, or energy-efficiency or energy-conserving improvements. Appraisers will tell you they have been considering green improvements for 15 years, typically, double paned windows, insulation and solar hot water heaters. The value normally attributed is the installation cost. But that is just the beginning of the direct savings to the new owner. The ongoing savings of operating a greener home is not being reflected in the appraisal and yet it can be significant when compared to a home that isn’t energy efficient.

To reflect true value buyers need to recognize the increase savings when comparing homes. Appraisers will tell you that when the energy cost savings can be documented, home buyers are more willing to pay a premium. They understand the lower monthly cost of ownership and better resale value.


Green Marketing Incentives

Most state energy and public utilities offer incentives, rebates and tax breaks for energy efficient upgrades. Realtors should suggest that sellers take advantage of these incentives. Consumers clearly want greener homes and agencies offering rebates can document the projected savings. This can be a powerful sales incentive in a market where value
is king.



REsourced from www.yourpropertypath.com
You may republish this article, as long as you do not edit and you agree to preserve all links to the author and www.yourpropertypath.com


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In an effort to control mosquitos that carry the West Nile Virus in foreclosed homes that have pools with stagnant water (green pools) the Las Vegas Nevada Health District's "Mosquito Control Program" have introduced Gambusia Affinis. It is a minnow like fish that lists mosquito larvae as it's favorite food. The fish were initially introduced to control mosquito population in wetland areas. With the increased amount of foreclosures with pools containing "green pools" they have become the health district's allies to prevent the West Nile Virus. Real estate agents or neighbors are asked to contact the health district when they encounter a "green pool". The health district will show up with fish in tow and get to work. They will only add fish to pools when the pumps are off. The purchaser is asked to call the health district to relocate the fish to a new home and another buffet of mosquito larvae.
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