How Big is the Link between Utilities and Property Value?

There’s an undeniable link between energy and water savings and significant increases to NOI and property value. With rent revenues leveling off, and utilities representing 20% to 25% of controllable expenses, property owners and managers are under pressure to unlock new sources of value.

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WegoWise CEO Recognized as a Woman to Watch in Science and Technology

Recently the Boston Business Journal recognized our CEO Laila Partridge as a Woman to Watch in Science and Technology, something we at WegoWise have known for quite some time!

The award recognizes New England’s female technology and business leaders who are driving both new and established companies, propelling the Massachusetts’ innovation economy, and serving as role models. The awards breakfast was packed with fellow attendees, including a proud table of WegoWise women, who braved a cold and snowy Boston morning to honor ten amazing innovators and trailblazers.

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Fannie Mae and Freddie Mac introduce green financing programs

Planning energy-saving improvements for refinancing or acquisition? Or is your property already green-certified? Now, you can qualify for better pricing and higher loan proceeds. Fannie Mae and Freddie Mac are offering lower interest rates to multifamily owners who commit to improving the efficiency of their buildings.

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HUD: New Energy Benchmarking Requirements for Section 8, Multifamily FHA Insured and PRAC Properties

This post originally appeared on on October 5, 2016.

HUD’s Office of Multifamily Housing published on Tuesday a notice in the Federal Register creating a 60-day period for public comment for new proposed regulations that would require HUD-Assistance and FHA Insured Multifamily Properties to benchmark and report to HUD energy and water utilities. Covered properties include:

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Vote for WegoWise at SXSW!

We’ve got some exciting news over here at WegoWise: we’ve been invited to speak on a panel at South by Southwest 2017! Our panel, “Key Metrics for Growing SaaS Companies”, is in the running, and we need your help: community voting and commenting accounts for about 30% of the decision-making process for SXSW panel programming. To vote for our panel:

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A guide to going solar in multifamily housing

With high energy use, millions of large, unshaded rooftops ripe for solar systems, and plummeting renewable energy prices, the multifamily building sector in the U.S. has great potential for solar energy production and consumption.

Even in a state without many incentives to make the switch, going solar can increase property values, result in a more stable operating budget, reduce expenses, and improve a building’s attractiveness to tenants according to the N.C. Clean Energy Technology Center. Multifamily properties tend to have established, long term owners who would benefit from the ROI. Though unlike a residential home, adding solar to a multi-family building can be complicated with multiple meters and shared roof space.

So, how can property owners, managers, condo owners, and even renters gain access to the savings and stability associated with renewable energy?

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