10/16/2024
I've been a Property Manager of office buildings, retail centers and warehouse facilities for 20+ years. My number one goal is to reduce cost of operating expenses and I've been very successful in doing so.
Here are some examples:
1) Owner did not like "flowers" as thought they were too costly. Explained to him that we could purchase materials from Lowes and have maintenance team install. He agreed. Landscaper's cost was $2,500. We expensed $500 in-house.
2) Fire lanes were barely visible. Contractor's proposal to Re-paint/ Stencil...was $7,900. We purchased materials and in-house maintenance performed. Total was $3,200 (savings of $4,700).
3) AC Fan Power Boxes - Upon reviewing Audit performed by AC Controls Contractor, approximately 85% of Boxes showed Damper closed, yet blowing 1,500 cfm's! After discussing options with VP and approval from Owner, replaced 180 Fan Power Box Controls with Johnson to include Jaces and Energy Management System. Annual cost for AC repairs prior to replacement was $250,000. After replacement, $115,000. Electricity cost was reduced by $25,000 annually! Owner was able to deduct improvements as well as controls removed from Income Taxes.
In addition to these types of improvements, Owner's can receive deductions from Tenant Improvements, Upgrades to Common Areas, Roof Replacement or Overlay, LED lighting, AC Mechanical/Controls, Energy Efficient Glass, etc.
When your ready to KEEP YOUR MONEY, email or call me :)
