Thursday, September 1, 2011

IMPORTANCE OF RESIDENTIAL ENERGY USE


IMPORTANCE OF RESIDENTIAL ENERGY USE

$241 billion. That's how much is spent every consumers spend each year on energy for home use. About 1 in 5 of the nation's energy dollars is spent in homes. Energy efficiency improvements could cut this number by well over half.
90% of your time. That's the proportion of the average American's time spent indoors. The quality of indoor air is often worse than the air outside. Moisture and gasses from building materials are some of the many invisible sources of indoor air pollution. When done right, energy efficiency upgrades will also improve indoor air quality and make your home safer and more comfortable.
1.2 billion tons of greenhouse-gas emissions. That's what is emitted (as carbon dioxide) into the atmosphere as a byproduct of making the energy to power U.S. homes. Every single thing done to save energy at home trims these emissions.
Did you know that the typical U.S. family spends about $1,900 a year on home utility bills? Unfortunately, a large portion of that energy is wasted. And each year, electricity generated by fossil fuels for a single home puts more carbon dioxide into the air than two average cars.
Right in your own home, you have the power to reduce energy demand, and when you reduce demand, you cut the amount of resources, like coal and gas, needed to make energy—that means you create less greenhouse gas emissions, which keeps air cleaner for all of us...and saves on your utility bills! Plus, reducing energy use increases our energy security.
US Residential Energy Costs
"Other" includes small electric devices, heating elements, motors, swimming pool heaters, hot tub heaters, outdoor grills, and natural gas outdoor lighting.
Residential carbon dioxide emission trends

Schools Days and Energy Smart Ways


Schools Days and Energy Smart Ways
With the new school year and sports season upon us, members of your household may be away from home more often during the day. If that's the case, now is a great time to adjust your home energy use.
For instance, set your thermostat at 78 instead of 74 degrees and you can save about 40% on your cooling costs.
Lighting also has effect on your overall energy cost. Illuminated lights can add a lot of heat to the house. So keep up the good habit of turning lights off when you leave a room.
Here are a few easy e+ tips to share with your family and friends:
  • Don't try to speed cool your house at a very low temperature when your get home from school or work. A standard single-speed AC unit won't cool faster. When it's running, it's cooling as fast as it can. So choose your normal indoor setting, such as 78 degrees.
  • Arrange items in your refrigerator for quick removal and return. Your refrigerator cools the food but heats the kitchen. The longer the door stays open, the longer it runs, heating the kitchen and raising the air-conditioning costs.
  • Use the microwave or outdoor grill instead of the range and oven. Both are especially useful during the summer because they won't heat up the kitchen during cooking.
  • Drink plenty of tap water. Water will help you stay hydrated and feel cooler.

Tuesday, August 30, 2011

Reasons why managing ApartmentRatings.com is no longer optional Posted by: Bill Szczytko


Reasons why managing ApartmentRatings.com is no longer optional

Posted by: Bill Szczytko 

User Rating: / 2
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Mention ApartmentRatings.com to a crowded room of multifamily people and you'll clear it faster than I can while presenting a Powerpoint. We despise this site, loathe it. The anonymous posts, the drunken rants, the vile tongue lashings, the terrible misspellings and sentence structure, and the truth. Hey wait, did I say truth? Yes.. but I'll get to that part later.

People are crazy. Embrace it.

People are crazyWhen people mouth off online they do it for a reason. Some people have stopped taking their medications and others do it because your business has affected them in some way. It's the second part that's worth talking about. Let's take a fast quiz. What's your true/false answer to this statement?
Only unhappy people post reviews.
This is false. According to a survey commissioned by Forrester on behalf of TripAdvisor "The number one reason travelers cite for writing a hotel review is to “share a good experience with other travelers." People want to tell others about the fun they've had or the good experiences they've shared. It's like the east coast earthquake from this week. Did you notice how many Tweets or Facebook posts sounded like this: "Hey did you feel that?" "Yeah I felt that!" "So did I!" People feel validated when they've all shared the same experiences.

High percentage of reviews on Apartmentratings.com are bad.

We all know of course that not every review is good. In fact, just perusing around ApartmentRatings.com presents a ton of bad review examples. So what can we do about it? In the same survey I mentioned above, this compelling point was made: "...71% said that seeing a management response to reviews by an official hotel representative is important to them." How many of you respond to reviews as the management company? Here's the final point to drive home: "Sixty-eight percent of travelers said that if they were considering two comparable properties, the presence of management responses on one would sway them in its favor." That's the holy grail.
I found some more data that I want to share. In The Retail Consumer Report survey that was done over the holidays in 2010, they found that 68% of the people who posted a complaint on a social network or ratings site, got a response from the retailer about it. Because the business responded, they were able to get 18% of those people to buy from them again! Out of those people who received a response 33% turned around and posted a positive review and 34% deleted their original negative review. Folks that is compelling data. You can see that staying silent and pretending this conversation isn't taking place out there is not the right strategy today.

Let's focus in on the bigger picture here.

Start listening to your customersAre you a Company A or a Company B? Company A wants to hear what their residents have to say. Company B doesn't. Company A listens to social media channels and has a corporate culture which empowers employees to solve problems, respond appropriately to their residents, and listen for pain points. Company B is afraid. I blogged about this very phenomenon recently.
If you're having problems with your ApartmentRatings.com ratings, then there's something wrong with your product. Behind the vicious rants are some underlying themes that represent problems you can fix:
"People often speed through the property."
"People are always hanging around outside drinking."
"The office staff is mean."
These are the things companies find it hard to face. The truth. The truth isn't always pleasant but how do you know why people are unhappy if you don't ask or listen? If someone posts anything whether it's good or bad, you must thank them. Why? They cared enough to tell you; now do something with it. At the end of the day, people want to feel that the management company is concerned about their needs. They pay a large portion of their monthly salary to you. Fix your product, show empathy when things don't go right, give them great customer service and your bad reviews on ApartmentRatings will go down.

"People will post, Ray"

When people have positive experiences they will tell others. Of those people surveyed over the holiday season who had a positive experience: "21% recommended the retailer to friends. 13% posted a positive online review about the retailer." I don't want to hear "Bill, these surveys you found aren't for our industry." That's a Company B thought. Stop that.
I'm hoping this evidence is compelling enough to make you realize that you need to respond and engage your current customers. Turning them from a brand detractor to a brand advocate is your goal here. Next post, I'll give you some customer service and response tips to help you do just that. See you next time.
Happy renting everyone. Catch more posts over on BSitko.com.

Monday, August 29, 2011

LEAD BASED PAINT ALERT



LEAD BASED PAINT ALERT
Law Offices Of Heist, Weisse, Davis & Wolk P.A.
If you own or manage a property built prior to 1978, you need to be concerned. The EPA’s Residential Lead-Based Paint Hazard Reduction Act is being vigorously enforced, and many Florida property management companies are being inspected, audited and now facing large fines. Minor mistakes or failures to give the resident the required disclosure and pamphlet can result in big problems. On top of that, the new Renovation, Repair and Painting (RRP) rules that recently went into effect mean that many of your employees and outside vendors who are working on your pre-1978 property must have their certification. The EPA's RRP Rule requires almost anyone working in pre-1978 housing who might disturb painted surfaces to become an EPA Certified Renovator, by taking a "Lead Safe Work Practices" class from an EPA accredited training provider. Not sure if your vendors will “disturb painted surfaces”? Assume they will, and check first to see if they must be certified b efore allowing any vendor or employee to touch your pre-1978 property.  Ignorance will not be an excuse!

Thursday, August 4, 2011

Surge of Federal REO Properties Hitting the Markets


Surge of Federal REO Properties Hitting the Markets

The Upside: This Could Speed Up a Return to Normalcy
August 3, 2011
As the federal government has doggedly worked through concerns about foreclosure documentation practices, federal financial agencies have aggressively resumed their sale of foreclosed properties. 

Through the first half of the year, the FDIC has sold $1.073 billion in foreclosed properties. This compares to $974.7 million in the first half of last year and $482.2 million in the first half of 2009. 

More importantly, the amount of commercial real estate being sold by the FDIC has jumped more than 12 times in that time frame. Just $39.8 million of FDIC property sales in 2009 consisted of commercial and multifamily properties. This year, more than half of the sales ($540.3 million) have been commercial real estate. 

In addition, land sales have increased from $86.1 million in 2009 to $310.6 million this year. Also, as commercial sales have been increasing, the number of single-family residential sales being handled by the FDIC is falling from $307.7 million in 2009 to $219 million this year. 

While there has been some anxiety in the marketplace over the potential impact that a surge of distressed CRE properties coming into the marketplace may do to sales values, CoStar Group senior real estate strategist Chris Macke says there is an upside to the trend. 

"The increased disposition activity is good for the industry," Macke said. "The sooner we clear troubled assets the sooner the market will return to normal." 

However, Macke warned, "with funds available to deal with troubled assets depleted and no appetite from Congress to provide additional funds, regulatory agencies do have limits on how quickly they can clear out all the troubled transactions there are to deal with." 

The nation's government-sponsored enterprises are also increasing their REO property sales. 

Through the first three months of the year, Fannie Mae sold 37 multifamily properties on which it had foreclosed compared to 13 in the same period last year. At the same time, the number of multifamily properties it has picked up has remained fairly consistent, 50 in the first quarter of this year and 47 a year ago. 

Overall, Fannie Mae sold 62,814 properties in the first three months of this year vs. 38,095 in the same period a year earlier. Those sales have produced proceeds of $11 billion in the first quarter of this year compared to $7.7 billion the year-ago period. 

Through the first three months of the year, Freddie Mac has sold 31,628 properties vs. 21,969 in the same period a year earlier. Freddie Mac did not break out its multifamily property dispositions separately but it was holding only 15 multifamily repossessed apartment properties on its books as of March 31. 

According to the Dept. of Housing & Urban Development, the Federal Housing Administration (FHA) acquired 7,667 REO properties in June and sold a record 13,609 properties (breaking the record of 12,671 properties sold in May). The FHA REO inventory has declined from 69,958 at the end of the first quarter to 54,645 at the end of June. 

Largest FDIC CRE Sales This Year


  • 19950 7th Ave NE, Poulsbo, WA, $9.52 million

  • 2810 S Highland Ave., Lombard, IL, $9 million

  • 106 Inlet Way, West Palm Beach, FL, $8 million

  • 210 Automation Way, Birmingham, AL, $6.93 million

  • 5100 Northwest Hwy, Crystal Lake, IL, $5.99 million

Tuesday, July 26, 2011

Being Effective at Work ~ By Mind Tool's


Being Effective at Work

Essential Traits and Skills


Being Effective at Work
Boost your effectiveness.
© iStockphoto/EyeDesign
Do you consider yourself to be effective at work?
Although many of us like to think that we're 100 percent effective, the truth is that most of us have strengths and weaknesses that impact our effectiveness. This is where we can benefit from tweaking at least a few of our skills, so that we can be even more effective.
For instance, perhaps you've always excelled at time management. But how much time do you put into learning new skills, or staying on top of industry trends?
Or, maybe you're adept at managing the many demands you face day-to-day. But, when things get really hectic, your communication skills start to suffer as stress levels begin to rise.
Being truly effective at work can pay off now and throughout our careers. Effective workers get exciting projects, win important clients, and are well respected by their colleagues and bosses. But how can you become more effective, and make sure that you don't miss out on these great opportunities? And what should you focus on?
This is what we'll be exploring in this article. We'll look at the skills you can develop to become more effective at work, and we'll review strategies and resources that you can use to increase your effectiveness.

Step 1: Identify Priorities

If someone asked you what your job was truly about, would you have a good answer?
One of the most crucial steps in becoming fully effective is to know your purpose at work. After all, if you don't know what your job is there to achieve, how can you set appropriate priorities? (If you don't set priorities, you'll be forever buried under a mountain of work, unable to tell the difference between what's important, and what isn't.)
To identify your job's true purpose, perform a job analysis. This will help you uncover your most important objectives, so that you can start prioritizing tasks effectively.

Step 2: Adopt a Good Attitude

Effective workers have a "good attitude." But what does this really mean?
People with a good attitude take the initiative whenever they can. They willingly help a colleague in need, they pick up the slack when someone is off sick, and they make sure that their work is done to the highest standards. "Good enough" is never quite good enough for them!
A good attitude at work will do more than just earn you respect: setting standards for your work and your behavior means that you're taking responsibility for yourself. This admirable trait is hard to find in many organizations. But demonstrating ethical decision-making and integrity could open many doors for you in the future.
So, focus on adopting a good attitude at work, and make decisions that intuitively "ring true." At the very least, you'll sleep easier at night!

Step 3: Build Essential Skills

Chances are that you have a lot of competing demands on your time. One of the best ways of becoming more effective at work is to learn how to manage your time more efficiently. Other key areas include learning how to manage stress, improving your communication skills, and taking action on career development. All of these can have a major impact.
Let's look at each skill in greater detail.

Time Management/Productivity

Probably the most crucial thing that you can do to become more effective at work is to learn how to manage your time. Without this skill, your days will feel like a frantic race, with every project, email, and phone call competing for your attention.
Start by looking at your daily schedule. Do you know how you spend your time every day? If not, the answer might surprise you! Use an Activity Log to analyze how much time you're devoting to your various tasks, like attending meetings, checking email and making phone calls. It can be an eye-opening experience to look at this objectively, especially if you discover that you're spending lots of time on tasks that don't help you meet your objectives.
Once you know how you're using your time, you need to learn how to prioritizeactivities. If you know which jobs are important, and which can be rescheduled or delegated, you'll be able to focus on the work that brings the most value. To keep track of everything, use an organizing tool like a To-Do List or, better still, an Action Program, to make sure you don't forget vital tasks and commitments.
Being effective at work means you use time to your advantage. Schedule your highest value work for the times of day when you're feeling the most energetic. This increases the likelihood that you'll resist distractions and enter a state of flow when working. Our article, Is This a Morning Task?, helps you identify your peak energy time, so that you can schedule work accordingly; and our Are you a Procrastinator?self-test will help you deal with a serious, effectiveness-killing habit.
Goal setting is another important element in working productively. Once you've done a Job Analysis (see step 1), you should have a clear sense of what your role is all about. Use this information to set short and long-term goals. The advantage of doing this is that your goals act as a roadmap - after all, you'll never get anywhere if you don't know where you're going!
Good organization is also important for working effectively and productively. If you're disorganized, you can waste a huge amount of time just looking for lost items. So learn how to file properly, and find out how to create an effective schedule.

Communication Skills

Think about just how often we communicate every day. We make phone calls, attend meetings, write email, give presentations, talk to customers, and so on: it can seem that we spend all day communicating! This is why good communication skills are essential, especially when your goal is to work more effectively.
Start by developing your active listening skills. This means that you're making a concerted effort to really hear and understand what other people are saying to you.
Don't plan out what you're going to say next while the other person is talking. Instead, just listen to what they're saying. You may be surprised at how much miscommunication can be avoided simply by listening actively.
Next, look at your writing skills. How well do you communicate in writing? Start with your emails. Most of us write dozens of emails every day. But there are many techniques that we can use to write effective emails - ones that actually get read!
For instance, always keep to one main topic when writing an email. Putting several important topics in one message will make it difficult for your colleague to prioritize and sort information. If you do need to bring up several different points, then number them sequentially, or split them into separate messages with relevant subject headings.
Of course, we do a lot more writing than just email. We use Instant Messaging, wewrite reports, and we create presentations. You'll be more effective in your role if you learn how to communicate better across all these media, and your boss and colleagues are bound to appreciate your skills, since they'll be the main beneficiaries!
Tip:
If you'd like to learn more about how to become a better writer, our Bite-Sized Training session on Written Communications will help.

Stress

A little bit of pressure can be a good thing. But when pressure exceeds your ability to cope, your productivity goes down, and your mood suffers. You can also lose your ability to make solid, rational decisions; and excessive stress can cause health problems, both in the short and long term.
No matter what you do, you're likely to experience stress numerous times throughout your career, perhaps even on a regular basis. This is why learning how to manage stress is a key factor in becoming more effective at work.
Try to get a good night's sleep every night, and do your best to avoid taking work home with you. It's also important to relax when you get home in the evening.
If you're not sure what triggers your stress, keep a stress diary for a week or two. This helps you to identify the events that cause you stress, and understand the degree to which you experience it. When you're feeling calm, you can then analyze these triggers and come up with effective strategies for managing them.

Career Development/Learning

No matter what your field is, it's important that you keep learning and developing your skills. To begin with, carry out a Personal SWOT Analysis to identify the areas that you need to work on.
In addition to the technical skills required to do your job, you also need to focus onsoft skills. These include leadership skillsproblem solving techniquesemotional intelligence skills, and creative thinking. Anything you can do to enhance these skills will pay off in the workplace.
Also consider if there are any qualifications that you don't have that a reasonable person would consider appropriate for your field. If so, could this be holding you back from advancement or promotion? For instance, would it be useful to have a particular degree or other certification if you want to apply for a management position? Are you lacking any specific skills?
In some roles, keeping up-to-date with developments in your industry helps you stay relevant. This will help you do your job better, especially as you climb the ranks.

Key Points

When we're truly effective at work, we manage our time well, we communicate clearly, and we have a good attitude.
Effective workers are often the most respected and the most productive in their workplaces, and they're often the first to be considered for a promotion. So it's definitely worth the effort to build skills here!
Start by doing a job analysis to discover what your role is really about. Next, learn how to manage your time better, communicate more effectively, and control any stress.
Also, make sure that you devote time towards further learning and career development. You never know how or when these new skills will pay off!