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How to Save Money on Utilities: A Categorized Guide for Owners and Renters
Oct 10, 2023Renters and unit owners spend an average of $5,640 per year on utilities - a significant expense for most households. Kelly Dougherty, president of FirstService Energy, leads a team of experts that helps boards and building owners achieve significant savings on annual utilities. In an article published by Redfin she shares how owners and renters can curb their utility costs and consumption.Read more
"While the initial investment is high, a smart thermostat pays off in the long run. These devices intelligently adjust temperatures throughout the day to maintain your desired comfort level. They’re also Wi-Fi enabled, allowing for remote control via smart devices. On average, a smart thermostat can reduce energy bills by up to 20%."
— Kelly Dougherty | President, FirstService Energy
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FirstService Residential CEO David Diestel discusses multifamily-sector trends on Schwab Network
Sep 21, 2023Read more
Our CEO David Diestel recently joined Nicole Petallides on Schwab Network to talk about trends in the residential sector. Touching on a variety of topics ranging from EV charging to preparing for weather events and securing insurance, David talked about our team's focus on serving residents, every day, in the properties we manage. -
The New York Post Explores the private restaurant atop One Wall Street in Financial District
Sep 15, 2023Perched atop one of Manhattan's busiest neighborhoods, The One Club at One Wall Street serves as an oasis for owners and residents. This includes a pristine private restaurant helmed by Chef Alejandro Cortez, former executive chef at the Guggenheim. Take a closer look with the New York Post.Read more
Click "Read More" for the full article, or watch the video below for a tour of the pristine interior spaces at One Wall Street, proudly managed by FirstService Residential.
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Multi-Housing News Case Study: Fall Maintenance at Residential Communities
Sep 12, 2023As seen in Multi-Housing News, our property managers discuss the importance of weatherizing outdoor amenities, seasonal inspections, and mechanical maintenance as the summer ends and fall begins.Read more"While all-year cooling towers can be cleaned, as usual, the seasonal cooling towers must be cleaned and closed for the season. For pools, we always hire third-party experts to properly weatherize, which involves fairly sensitive plumbing and mechanicals that are costly to replace"
— Ahslee Friedmann | Account Executive, Multifamily Rental Division
"Our building’s superintendent makes a roof walk as part of his weekly building inspections. This helps spot any issues with the roof’s surface while also keeping the drains clean and free of debris."
— Ed Ermler | Managing Director, Manhattan Condo/Co-op Division
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HOA USA visits high-end amenitized buildings managed by FirstService Residential
Sep 02, 2023Amenities are a significant differentiator for luxury residential buildings. At 53 West 53, residents have access to a 15,000-square-foot wellness center, a state-of-the-art theatre, a luxurious lounge, and a wine-tasting room with temperature-controlled vaults.Read more
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The New York Times Discusses Insurance Market Trends with Sean Kent
Aug 21, 2023In an article by The New York Times, FirstService Financial Senior Vice President Sean Kent, discusses reinsurance market trends and their impact on buildings and communities across the United States.Read more"As a result of rising reinsurance costs, insurers also raised prices where regulations allowed. The cost of insuring big new developments has skyrocketed."
— Sean Kent | Senior Vice President of Insurance, FirstService Financial
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Brick Underground discusses the condo questionnaire process with Michael Wolfe
Aug 17, 2023Read more
Responding to condo/co-op questionnaires can be a headache for prospective buyers in New York City. In an article for Brick Underground, Michael Wolfe, our President of Property Management, shares his thoughts on how the process could be simplified for applicants and property managers.
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How Can a Property Management Company Help Building Owners Curb Costs?
May 22, 2023Building owners across New York City are seeing sharp rises in everything from annual utilities costs and insurance premiums to buidling staff wages. In an article from Multifamily Executive, FirstService Senior Vice President Calynne Oyolokor discusses how the company has helped owners significantly curb operating costs and increase annual revenue.Read more
"Our energy advisers brokered a deal with a local community distributed energy developer, where properties that subscribed to their clean energy program receive Con Edison credits that offset monthly delivery charges. Buildings that subscribed to the program, which has zero sign-up fees, will save up to $10,000 each month. That’s obviously a huge win for our clients."
— Calynne Oyolokor | Senior Vice President, FirstService Residential
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President Dan Wurtzel Featured in The New York Times’ “Ask Real Estate” Column (1)
May 06, 2023Read more
For this month's edition of The New York Times' "Ask Real Estate Column," FirstService President Dan Wurtzel answers whether a board or building owner can restrict new and existing tenants to use previously approved moving companies.
The answer may surprise you. -
$10K Savings in Monthly Electricity Costs: The Value of Community Distributed Generation Programs
Apr 03, 2023Read more
Is the steady rise of utility costs placing a financial burden on your building? In an article written for Mann Report, Kelly Dougherty, president of FirstService Energy, discusses how Community Distributed Energy can significantly lower electricity costs for New York City boards and building owners.
A stand-out example of how a property can benefit from subscribing to a CDG program is 75 Wall Street, a 346-unit condominium tower in Manhattan’s Financial District. The condominium’s board of owners elected to subscribe the property to this completely free program and is estimated to save more than $70,000 in electricity costs over the next 12 months. The building’s experience illustrates how easy it is for boards and owners to save money while also contributing to New York’s efforts to “green up” the energy grid.