7 Energy-Efficient Ways to Lower Your Multifamily Property Costs and Increase Your Bottom Line

From maintenance to daily operations, owning a multifamily property can be costly. Luckily, there are plenty of ways to help offset those costs through simple, energy-efficient, and low-cost changes.

Here are seven easy ways you can start saving today:

1. Schedule an energy audit to determine your baseline energy use and discover clear opportunities for your property and tenants to save energy. Many local electric utility companies offer free audits.

2. Turn off lights and equipment when not in use or at the end of the day to save on electricity costs.

3. Upgrade to energy-efficient LED light bulbs. They use less energy, have a longer lifespan, and come in a variety of styles to fit your needs.

4. Open blinds to make the best use of daylight—and take advantage of skylights or other natural light sources to reduce your lighting needs during daytime hours.