We, at Mills Properties, have been celebrating a very positive variance in all of our financial reporting as of late. No winter equals big numbers flowing to the bottom line in the way of savings.
Heat Wave
That is until the country slipped into the worst heat wave in real recent history. Unless you are living under a rock (which is possibly a smart thing given the temps), you know that it’s crazy hot outside. And, like humans, plants can not survive the extreme heat. Especially when you factor in the indexes or how impervious surfaces and or humidity effect air temperatures.
Water Trucks
Call in the water trucks. We are electing to call in water trucks to keep the plants alive. We all know that clean, healthy and well-maintained landscape makes a huge difference in the leasing and retention arenas. So bite the bullet and give up the snow removal surpluses. Keep the plants alive so your occupancy will survive and thrive.
Your burning up in this heat multifamily maniac,
M
0 Responses
Agreed! Except, I would prefer to have a sprinkler system; it’s my number one Wish List item for all my properties. I only had one that had a system. It was broken but I spent two years repairing it in the capital improvements part of the budget and that property is so beautiful! It was worth every penny.
Mindy,
Thanks for taking the time to respond –
We are in that unfortunate class of not having sprinkler systems. We have a few assets that do but the bulk of them do not. Nevertheless – we have to respond or we will have the added expense of plant replacement next year.
Have a great weekend.