Did you know that Columbus, OH is one of the cities leading the charge for continued sustainability? Eco-friendly changes that fight climate change are great for both commercial and residential areas of major cities.
If you are a landlord in Columbus, you can make changes to your processes to save money and save the environment. Here are some of the best sustainable property management tactics you can try today.
Upgrade Your Appliances
Old appliances tend to use more energy and water than newer models. As time goes on, appliances develop the ability to do the same task using fewer resources.
Upgrading your appliances has numerous benefits other than green building practices. You can attract tenants with high-class amenities, charge more for rent, and save money on your utility bills.
Go Paperless
It may seem small, but paper is a huge resource that consumes billions of trees every year.
Digitizing your operations will reduce your overall ecological footprint. Have tenants digitally sign documents and forms, and store them in the cloud.
You will not have to worry about keeping up with piles of paperwork or messy file cabinets. As a property investor, it is important to track your documents and have them backed up. The digital format is the best way to do this.
Emphasize Water Conservation
Water conservation will save you money, and it will help your sustainable real estate practice.
One of the easiest ways to conserve water is drought-resistant landscaping. Fake grass, rock lawns, and foliage like cacti are both low-maintenance and use less water.
High-efficiency washers use a lot less water than more traditional models. You can also install things like water-efficient shower heads, which provide a superior experience without as much water consumption.
Convert to Solar Energy
One of the biggest investments you can make in eco-friendly property management is solar energy. Solar panels are the energy source of the future, and your investment will start to pay off in no time.
With solar panels, you'll be able to subsidize most, if not all, of your electric bill. Some cities even have programs where you can sell your excess power to your local utility company.
There are also numerous solar tax credits that you can take advantage of, lowering your bill with Uncle Sam. The most well-known credit is the Federal Solar Tax Credit, but you can ask your local solar company if there are others to save you even more.
Depending on your financial situation, you can either lease solar panels or buy them outright. Leasing is a more affordable option up-front, but buying them will save you more in the long run.
Find Success With Sustainable Property Management
Sustainable property management may seem like a pipe dream, but it doesn't have to be. Use these techniques to ensure you're saving money and saving the planet.
If you are a landlord interested in a property management partner, PMI Columbus is here to help. With over 20 years in the property management space, we can assist you with all of your real estate needs.
Are you ready to get started with eco-friendly property management? Reach out today for your free rental analysis.
