The image below shows the current world acceptance of the Paris Climate Accord. Because President Trump pulled out of the Agreement, the US joins Nicaragua and Syria as the only countries that have not ratified the agreement. For more information, see "This Week's Take-Away" below.
The picture below shows a Dallas worker in front of a restaurant that is now open for business. Will the restaurant's patrons be issued gloves and masks while they eat? For more, see "This Week's Key Take-Away" below.
The picture below reminds us of the hit that Coal Electric Generation has taken over the past several years. The Coronavirus epidemic is hastening the demise of coal as a fuel worldwide. For more, see "This Week's Key Take-Away" below.
The International Energy Agency (IEA) has reported that since the start of the Covid pandemic, CO2 emissions worldwide have dropped by almost 8%, stunning scientists. While the reduction will probably be short-term, it is a huge drop in pollutants in the atmosphere. For more information, see "Geopolitical" below.
The picture below is of the 2020 Honda Clarity, a hydrogen fuel cell vehicle, (FCV) which will be available soon in California. Leasing will be available from $379/mo for 36 months ($2,878 due at signing) with an available $5,000 rebate for California customers. The car has a mileage allowance of 20,000 miles per year. It also comes with up to $15,000 of hydrogen fuel, in addition to the round-the-clock roadside assistance.
The formerly unthinkable drop in oil prices below $0 a barrel on Monday is still reverberating through financial markets, as supply overwhelms demand destroyed by the coronavirus pandemic, forcing some energy companies into possible bankruptcy as storage reaches maximum capacity. For more information, see "This Week's Take-Away" below.
"URS began working with us in early 2008 and identified opportunities to increase our utility billbacks. For our Southern California portfolio, URS analyzed 4,265 units and increased our bottom line RUBS billing by over $400,000 annually. URS was easy to work with and facilitated the billing changes with our 3rd party utility vendor to optimize our utility reimbursements without any major disruptions to our residents."
Anna Cheng Kramer, Managing Director, Pacific Urban Residential
"URS' consulting and auditing has created nearly $2,000,000 annually for our portfolio of just over 14,000 units. The savings continued when we switched to their monthly monitoring service, with which we realized savings of $2,000 in billing errors within just one month. This is a company who truly understands flexibility and customer service. We are committed to creating value for our clients, and URS has helped us fulfill that commitment."
Deb Maietta, Senior Vice-President, Multi-Family Property Management, SARES-REGIS Group
"URS saved our properties over $200,000 in utility opportunities the first year we implemented their recommendations. This was a meaningful expense reduction benefit that helped increase the value of our assets. We were very pleased with their results."
Kim Small, Senior Vice President, Director of National Operations, The Morgan Group
"URS provides a specialized and unique service that has added several million dollars of value to our portfolio. URS reviewed the utility billing practices of our third party billing vendor, adding about $200,000 annually to our bottom line and correcting a number of compliance issues. They come from and understand our industry and deliver tangible results."
David Birnbaum, Managing Director, Griffis Group of Companies
Utility Revenue Services is a utility consultant that came to my attention in 2009. After checking their references, which were glowing, we engaged them to evaluate our portfolio. They have been instrumental in improving our RUBS collections, and identifying RUBS billing practices that exposed us to a potential class action lawsuit. Every member of their team is a pleasure to work with, they epitomize "customer service," and most importantly, they have contributed to improving the bottom line of many of our properties. I would encourage anyone who wants to improve their utility NOI to contact them."
John Gleason, Managing Director of Asset Management, Security Properties
"URS performed a number of services for us. Their utility audit of our billing vendor and our billing practices significantly increased our utility NOI. Their utility audit report was thorough and easy to read. What was most helpful to us was URS' report included a comprehensive legal analysis of what we could or could not do from a billing standpoint in every jurisdiction where we had a community. Without hesitation, I would recommend URS to anyone who reallocates utility expenses to their residents."
Kim Kurz, Director of Special Projects, YES! Communities
"Our management company partners always told us that they had a pretty good handle on our utility reallocation program. But after retaining Utility Revenue Services on a recommendation, I was stunned to see how much money we were leaving on the table. URS audited the billing practices of our third party billing vendors for quite a few of our 50 communities. Immediately, they were able to identify missed revenue opportunities even beyond simple billing adjustments. In a short period of time, URS' service increased our utility net operating income and increased the value of our assets. I wish I had run into them years earlier!"
Steve Radcliffe, Managing Director of Asset Services, McDowell Properties
"Utility Revenue Services provided our firm with much needed assistance identifying new and increased revenue from our resident utility billing. URS was comprehensive in their efforts and their knowledge of the various states regulations was critical. The value this firm added to our properties was immediately evident as our revenues increased and our residents remained satisfied. I would recommend URS to other property owners."
Linda Kaboth, Vice-President of Operations, GF Real Estate Group