Posts by: Joel Nelson

Eliminate Paper Waste

Tech saves the planet

Paper has long been a mainstay of virtually every business. But amid cost and environmental concerns, many companies are starting to examine alternative approaches that can reduce paper use and waste. Worldwide consumption of paper has risen by 400% in the last 40 years, with 35% of harvested trees being used for paper manufacturing. Every […]

Matrix

RE Trends Emerge

In Annual Report

The 44th edition of one of the real estate industry’s most closely followed reports is out, offering a sweeping look at conditions in the U.S. and Canadian property management and investment arenas. 2023 Emerging Trends in Real Estate, an annual collaboration between PwC and The Urban Institute, reports that amid rising interest rates and some […]

News

Canadian Rental Data

Recent Expert Assessment

The Canadian rental housing market has been growing and shifting rapidly. According to the Canada Mortgage and Housing Corporation (CMHC), the annual average growth rate of purpose-built rentals has moved closer to 2% over the last decade, reaching almost 2.2 million units in 2020. Unfortunately, the long-term deficit will take years of building to fix, […]

Technology

Less Risky Business

With Yardi Debt Manager

Financing the acquisition of real estate assets can maximize your returns. However, borrowing money not only puts liability on your balance sheets; it can also come with extra headaches and tedious tasks for you and your team, including tracking amortization and payment schedules, meeting covenants, and tracking collateral and critical dates. Executing all these obligations […]

Energy

Cities Step Up

Top ENERGY STAR Performers

The ENERGY STAR® initiative, which certifies businesses and consumer products that conform with energy-efficient solutions that protect the climate and public health, launched more than 20 years ago. It remains a key U.S. Environmental Protection Agency initiative to reduce greenhouse gas emissions, promote carbon pollution-free electricity and achieve net-zero emissions targets. An EPA report in […]

News

Effective Waste Management

Benefits Commercial Properties

Like pest control, waste management is an unglamourous yet essential aspect of property management that, applied properly, can benefit owners of office properties, stores, hotels, restaurants and other commercial properties. In 2018, according to the U.S. Environmental Protection Agency, municipal solid waste in the country totaled 292.4 million tons, or 4.9 pounds per person per […]

News

Burning Question

Are We Ready for Solar Storms?

Some potential dangers are close at hand: pandemics, extreme weather, volcanoes and computer viruses, among others. Another one is 93 million miles away: the sun. The life-enabling nuclear fusion ball that Walt Whitman marveled as “O so amazing and broad—up there resplendent, darting and burning!” also holds the power to cause chaos for humanity and […]

News

Art of the Covenant

Best Practices for Minimizing CRE Borrowing Risk

Covenants – agreements between a debtor (borrower) and creditor, or lender, are a staple of commercial real estate loans. Designed to reduce risk for lenders, loan covenants commit the borrower to execute certain behaviors, such as making principal and interest payments when due, and avoid others, such as selling the assets that underpin the loan […]

News

Sound Advice

Managing Noise in Properties

Making sure all parties understand and follow the “right to quiet enjoyment” by resolving or preventing complaints about excessive noise can help keep satisfied occupants, a good reputation and filled commercial and residential properties. “Normal” noise includes talking, cooking and cleaning a property. Anything else, such as loud music, shouting, unruly visitors or dogs barking […]

Energy

EV Tech

A New Property Necessity

Electric vehicles – and their charging apparatuses – are a hot topic. With electric vehicles accounting for only about 6% of U.S. new car sales in 2022, the country is one of the world’s largest markets for EVs. The federal government has set a goal of 500,000 EV charging stations at apartment buildings, public parking […]

Events, Global

YASC Global

Supplies Innovation On Demand

Next month, thousands of Yardi clients from around the world will join together in learning, fellowship and fun. The occasion is YASC Global, the fourth annual virtual Yardi Advanced Solutions Conference, which happens March 1-2. The conference, which is offered free with automatic registration for all Yardi clients, will showcase the company’s latest technology innovation […]

Matrix

Demand Steady

For Self Storage

Continuing steady demand signals stability for the U.S. self storage sector even as street rates declined in January, according to the February 2023 National Self Storage Report from Yardi Matrix. Year-over-year street rates for 10X10 non-climate-controlled units slid by $7 to $126 in January, a 2.3% drop from their peak of $133 in the summer of 2022. Only […]

News

Pest Defense

Keeping Bed Bugs at Bay

A feature on bed bugs was one of the most popular postings in the early years of The Balance Sheet. With higher post-pandemic travel volume, resistance to pesticides and other factors increasing the pest’s numbers in the U.S., this seems like a good time to revisit the issue. What are bed bugs? The common bed […]

Technology

Bug of the Century

Could Y2K Happen Again?

Readers of a certain age might recall the buildup to Jan. 1, 2000, as an exercise in high drama. The object of concern was the so-called Y2K bug, the fear that hardware and software systems would stop functioning if they interpreted Jan. 1, 2000, as the first day of the year 1900. The issue was […]

Energy

EIA Updates

Building Efficiency & More

This is the latest of our periodic updates on the U.S. Energy Information Administration (EIA), the U.S. Department of Energy’s statistical and analytical agency. EIA collects, analyzes, and disseminates energy information for the benefit of energy policymakers, analysts and consumers. Winter costs on the rise The EIA expects higher wholesale electricity prices this winter in […]

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