With businesses now operating in a climate of increasingly complex environmental regulations, regulatory compliance is forecasted to become more stringent and demanding for the real estate management sector including multifamily management.
With insurance companies frequently excluding environmental coverage, it is more important now than ever to have functioning Environmental Management Practices. A comprehensive program that will help to reduce risk by assisting a company in adhering to all Federal, State, and Local environmental laws, rules and regulations designed to protect the environment, employees, residents and the community. Most importantly environmental management practices can be customized to blend into the fabric of any size real estate and Property Management Company’s policy and procedures.
Adopting Environmental Management Practices can save you money, enhance your company’s reputation, and will contribute greatly to the bottom line. It can help you identify causes of compliance problems and then eliminate the root cause. This saves money in actual and potential fines and liability, also reduces risk to the company and prevents pollution and conserves resources.
And for those third party property management companies that offer their clients environmental management solutions? This will enable them to obtain a competitive advantage, will allow them to better meet their customer requirements and will assist them in attracting new clients.