On today’s show we are talking about how a $40 tool can save you thousands or even tens of thousands of dollars in energy costs. As real estate investors we often spend the bulk of our time in the relative sanitized environment of the office and spreadsheets. Your buildings are literally throwing money out the window.
Energy costs are a primary line item in your expenses for any investment property. Now some of you might be thinking that the cost of heating and cooling is being paid by the tenants and you don’t need to worry about the budget for your tenants.
Your focus as an investor should be on the bottom for your property, not getting caught up in the weeds of your tenants finances.
Now you could go out and hire an energy consultant who will come to your property with thousands of dollars of high priced thermal imaging equipment that will show you exactly where you are losing energy from your building. That is certainly one option.
You need to know where your building is losing energy. That means creating a map of where your building is leaking. You don’t need five decimal points of precision in those measurements.
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host: Victor Menasce
email: podcast@victorjm.com