Property management is all about juggling priorities – keeping tenants happy, monitoring costs, and ensuring building operations run smoothly. But from what we’ve heard, HVAC systems can feel like the troublemaker of the group.
Breakdowns happen at the worst times, maintenance schedules get lost in the shuffle, and managing it all manually? Forget about it.
And it’s a big energy guzzler too. Roughly 40% of building energy consumption comes from HVAC systems. In multifamily buildings, nearly 1/3 of that is wasted.
That’s where HVAC optimization software steps in. And here at Parity, we believe we’ve perfected our service to make your life easier while helping your building’s systems work smarter, not harder. But more on that later.
HVAC optimization is the process of enhancing the efficiency, performance, and cost-effectiveness of heating, ventilation, and air conditioning systems. We previously wrote about HVAC optimization in more detail here.
Here are 3 reasons why Property Managers love HVAC Optimization Software.
Keeping energy costs under control is a constant battle for property managers, especially in multifamily buildings where usage can skyrocket.
HVAC optimization software helps you save big by slashing utility costs and reducing maintenance costs.
It’s like putting your HVAC system on autopilot – fine-tuning performance so you’re not wasting a dime on inefficiencies. By automating adjustments based on real-time data, the system reduces energy consumption while keeping residents comfortable.
It’s not just about saving money on utilities—it’s about running a smarter building that’s better for your bottom line and NOI.
Over time, those savings add up, giving you more room in the budget to reinvest in your property and make other improvements tenants will love.
Picture this: you’re cruising through a regular workday, only to get an emergency call about an HVAC failure. Now you’re scrambling to find a technician, tenants are unhappy, and repair costs are climbing fast. Sound familiar?
With HVAC optimization software, those surprise breakdowns become a thing of the past. Often, small fixes or improvements early on can prevent costly and invasive repairs later.
Plus, managing HVAC systems manually can be time-consuming and stressful.
With HVAC optimization software, your systems are monitored and optimized in real-time. When issues arise, the software picks up on it. Examples include high domestic hot water temperatures or low steam pressure.
The software flags these issues before they become a major problem. You might even get a centralized dashboard to see a comprehensive view of your HVAC system’s performance, making oversight simple and efficient.
The result? Fewer emergency repairs, less downtime, and more happy tenants who aren’t freezing (or sweating) through avoidable HVAC problems. And it frees up time for building staff and property managers to focus on other aspects of their job.
Navigating energy regulations like NYC’s Local Law 97 or Boston’s BERDO can feel like an uphill climb. HVAC optimization software makes compliance much easier.
By monitoring energy usage and emissions, HVAC software provides the insights and reports you need to stay on the right side of the law. No more guesswork, no more scrambling—just a straightforward way to avoid fines and keep your property in the clear.
Plus, you can prove compliance or show progress toward emissions targets with detailed data ready for audits or inspections.
Hitting those benchmarks shows tenants and stakeholders that you’re serious about sustainability. This is a great way to attract new tenants and retain current ones.
We helped a Manhattan rental building lower its potential LL97 fines by an estimated $94,000 in one year, which translates to 353 tons of CO2 emissions.
At a different building in New York City, we saved 181 tons of CO2 from entering the atmosphere. That is the equivalent of $48K in potential reduced exposure to LL97 fines.
By integrating with a building’s existing HVAC controls, our control optimization software remotely and automatically makes real-time control adjustments based on data from your building and external factors like weather forecasts.
If our service detects an operational anomaly with your equipment, we send color-coded alerts, tiered e-mails, and text messages to building staff as soon as the issue arises. Our service can identify issues in a building before your occupants are impacted.
Plus, we directly reduce CO2 emissions by improving your HVAC systems’ efficiency. We deliver automatic energy savings to reduce your exposure to fines from building performance standards like LL97, BERDO, BEPS, and more.
All 3 of those benefits are a part of our industry-leading Optimizer service.
HVAC optimization software isn’t only a tool—it’s a game-changer for property managers who want to simplify their lives and maximize their building’s potential.
If you’re ready to say goodbye to HVAC headaches and hello to a smarter way of managing your building, we’d love to show you how we can help.
Email contact@paritygo.com or call 1-833-372-7489. You can also visit our website to learn more about how we reduce utility bills in multifamily residential buildings and hotels.
