Utility & Maintenance Reduction Program

Recognizing the evolving landscape of the rental market is imperative. The horizon is incredibly optimistic for investors eyeing consistent rental returns. An interesting observation is the influx of millennials, often grappling with student loans, who are gravitating towards the hassle-free nature of renting rather than the complexities of homeownership. Another discernible pattern is the growing preference among renters across age groups for comprehensive “done-for-you” services. Such offerings allow them to concentrate on their personal priorities and passions.

A persistent challenge that property managers face revolves around residents not consistently replacing their air filters. Air conditioning and heating often make up the most substantial yearly expenses for landlords, regardless of their experience. Based on insights from HVAC experts, utility providers, and studies from the Department of Energy, something as simple as regular air filter replacements can cut down heating and cooling expenditures by as much as 15% and can decrease HVAC-related issues by a whopping 40%. It’s often said that small actions can yield significant consequences. Neglecting air filters epitomizes this sentiment.

Our previous endeavors to emphasize the importance of regular filter replacements witnessed only modest success. A minor segment of residents would make the effort to procure the correct filter and replace it timely. Here’s why this tends to be the case:

40% struggle to find the appropriate filter size at local outlets.

Many haven’t ever replaced an air filter in their rented premises.

Some lack the motivation to undertake this chore.

Predominantly, air filters, being out of immediate sight, are overlooked.

After much brainstorming, we've devised an ingenious solution to address all these issues while also providing cost savings for our residents.

Through a partnership with FilterEasy, the global leader in air filter subscription services, we've tailor-made a strategy that amplifies compliance among renters. This initiative, christened the “Utility & Maintenance Reduction Program”, will feature prominently in our property descriptions and lease agreements.

Here's a quick rundown:

Filters, customized to size and quality, will be dispatched on a subscription model throughout the lease term, eliminating the hunt in local stores.

Parcels will prominently feature Nexus's branding, reiterating our commitment.

Each filter will carry an expiration label, enabling us to ensure accountability.

Packages will incorporate both instructions and the rationale behind regular replacements, ensuring residents are well-informed and motivated.

The most pivotal aspect is that receiving the filter at their doorstep will act as a prompt for residents to replace it promptly. This eliminates the need to remember. Additionally, we'll shoot an email to the tenant as soon as the filter is dispatched, equipped with real-time tracking.

Moving ahead, we'll harness this service as an attractive amenity for potential and existing residents. We've managed to negotiate an economical bulk rate, saving residents not just money but also the time spent on procuring these filters, all while ensuring a salubrious living environment.

Your potential savings over the forthcoming years could be substantial. While age-related wear and tear on systems are inevitable, we're optimistic about drastically reducing preventable complications.

And the best part? This enhanced level of service comes at no added expense for you. The onus of this cost traditionally lay with the residents, and our initiative ensures they pay even less. Our foresight tells us this will foster increased satisfaction among both our residents and esteemed clients.

While this is fundamentally a tenant-paid service, if you're keen on immediate integration, we can adjust it within your monthly management fee. Subsequently, when the lease renews or if there’s a vacancy, the incoming tenant can shoulder the cost.

I'm genuinely ecstatic about rolling out this value-addition. It underlines our unwavering commitment to optimizing returns on your investments and our relentless pursuit of service excellence.

Click here to watch a 60 second video on FilterEasy, now known as Second Nature.