The beginning of the year brings the start of annual budget planning for property owners and operators. This is also a beneficial time for management to reflect back on the outgoing expenses from last year in order to identify cost-saving opportunities for the coming year. One of the most simple and effective ways to achieve this is through implementation of an energy management solution, like TrustHab.

When exploring the options for energy management solutions in the market today, operators look for a platform that offers a low upfront cost and a quick payback. Additionally, a solution that can be easily installed with minimal interruption to existing residents is usually a priority. We kept all of this in mind when developing TrustHab. Our proven solution delivers a complete package that includes both the smart devices and the centralized platform – not just one or the other.

For those that may not be familiar with how an energy management solution operates to successfully reduce costs, we will highlight some of the most important features.

Lower your utility bills

Easily schedule your HVACs to run less than the times you require. Program thermostats to work within a min/max temperature range, or use variable setpoint logic to adjust setpoints to enact savings without causing resident discomfort. By doing this, our use cases show that there can be savings of up to 45% in HVAC runtime.

Extend the life of expensive HVAC equipment

TrustHab’s robust analytics engine allows you to continuously track and monitor energy usage in real-time. Gain valuable insight to changes in energy consumption, remotely identify any HVACs that may not be performing at optimal levels, and proactively perform equipment maintenance to avoid costly breakdowns.

Efficiently manage vacant units

Maintain the temperature in any vacant residences, ensuring that energy isn’t being unnecessarily wasted. This can be an especially useful feature when contractors are completing work or renovations in units and forget to revert the temperature after leaving.

Proactively address maintenance issues with real-time alerts

Shield your budget from unexpected repair costs. TrustHab uses a powerful real-time alerting system to immediately notify onsite teams when a potentially risky condition is detected within a residence, ensuring that maintenance service calls are kept within normal business hours and reducing the need for staff to work at an over-time rate.

In order to successfully deliver the cost-saving benefits mentioned above, we have integrated Z-Wave+ and WiFi-enabled wireless digital thermostats, switches and outlets into the TrustHab portal. These devices are designed to control the majority of HVAC systems and other appliances, like water heaters.

Through implementation of our energy management solution, we’ve been able to help our partners substantially reduce their costs. Visit the use cases section of our website to see the data.

While this particular article is specific to energy management, but it’s important to mention that TrustHab also offers Leak Detection, Humidity Mitigation, and Access Control solutions for Multifamily and Student Housing communities. For a complete list of our device integrations, click here.

If you’re interested in starting the new year with a cost-effective solution that will successfully increase your property NOI and provide a quick payback, contact us today for a tour of the TrustHab platform.