Episode 68
What do you think about when you hear the term ‘sustainable property’? Is it just a pipe dream or too expensive? Barry Manuel from MEB Management Services joins us to share how they drive sustainability in significant ways, starting with small changes.
Host(s): Jonathan Saar from Market Me Social and Mark Howell from Howl Creative Concepts
Guest: Barry Manuel from MEB Management
Show Highlights
In recent years, sustainability has become less of a trend and more of an expectation. More people are conscious of their carbon footprint than ever before and want to do more to waste less. So how can property management companies get started and keep going to make the needed changes that can attract both new talent and new residents? This article will highlight how MEB got the ball rolling and has never looked back.
Key Questions/Topics Covered
MEB Management Services – Steps to going green in property management
It’s important to note that the size of your company will determine your approach to going green. Larger companies can outsource their green initiatives to consultants that can create a plan for them. On the other hand, moderate-sized companies may need to take a more internal approach. For MEB, they sat down and developed a two-faceted method by focusing on short-term and long-term goals.
Once their initiatives were clearly defined, they began to reach out to other like-minded companies to help them achieve their short-term goals. For example, they partnered with MEEP (Multifamily Energy Efficiency), which distributes energy-efficient LED lightbulbs for free directly to your onsite team for installation.
Another example would be the program run by IREM. You can become a certified sustainable property via this program. Once you have applied, IREM supplies you with a packet you work through. Upon completion, you receive your credentials and hardware that can be utilized around your building, showing people that your company is focused on green efforts and sustainability.
Data collection is the focus of MEB Management’s long-term goals. Partnering with third-party companies helps them collect the necessary information and create reports on energy consumption, allowing them to move forward with creating a sustainable ecosystem. While this is a work in progress and more complex, the program is already showing promise.
Going green attracts the right people
Part of running a successful property management company is attracting the right people—be it residents or employees. On the employee side, MEB has experienced that new generation hires almost always have an expectation that the company they work for is focused on sustainability. In addition, most existing employees were interested in making necessary changes and were eager to get involved.
From the resident aspect, MEB has seen growing interest in its two newest building projects. These homes are being built with sustainable building materials...