Success Story:
Lane Company Reduces Utility Costs
In these challenging times, businesses are looking for new ways to cut costs. Lane Company, a national leader in multi-family real estate, took action when it discovered significant utility expenditures that should have been paid by residents.
Vice President of Business Services Scott Templeton and Asset Manager for Provident Realty Advisors Julie Valley tested the CSASecure platform to address the time-intensive task of monitoring residents who don't put electrical service into their own names on a timely basis. At the start of the program in November 2008, CSASecure identified 36 violators at seven test properties.
Impressive Early Results
Lane implemented the service and by early March 2009, Scott, Julie and Regional Vice President Stephanie Zitterkopf were pleased with the results. In just four months, CSASecure produced significant cost savings, with more to come:
- The number of violators was reduced from 36 to 3.
- The estimated savings was $16,409 in utility costs, projected to be $31,980 through the end of the leases.
- The remaining 3 violators cost the company only $135, projected to be $589 through the end of the leases.
As Julie put it, "I am very impressed."
"CSASecure has already paid for itself several times over and, more importantly, creates accountability for our community managers," said Scott. "The service allows them to identify violators quickly and take immediate action to produce savings for the owner while reducing exposure to increased utility costs. And it makes managers' jobs much easier too."
Now Scott and Julie are pressing BluTrend to expand CSASecure to other states where Lane manages and owns properties.
