Protecting your Ass(et): Why Risk Management Needs to be at the Top of your To-Do List.

Property owners and managers must move beyond daily operations to proactive, long-term risk management. We recently interviewed commercial real estate risk management experts Joe Donovan, SVP of Beacon Capital Partners, and Kathleen M. Nickerson, SVP of Robert M. Curry and Associates for best practices in emergency preparedness and reducing your building or portfolio's exposure to risk and loss.  Get ready to start Protecting your Ass(et)!

Developing energy-efficient buildings can lead to dramatic cost savings, but building owners must plan their forays into energy data management by taking careful, measured and iterative steps. This paper outlines the key elements required for a successful energy data management (EDM) strategy. It also discusses the tremendous benefits of succeeding in EDM. At the same time, it provides insights into the potential causes of EDM program failure and ways to avoid making such mistakes.

The way people use the wireless web to access data and communicate continues to change as we see advancements in mobile device technology. On-the-go property management teams now have the ability to coordinate all of their building operations and access property data and resources in real-time. The result is improved customer service, more productive building and facility teams and efficient management of building assets.

Part 1 of a 3 part series This 10-page white paper is designed for property owners & managers and is part of a series that focuses on the conditions created by the current economic crisis and the challenges and opportunities those conditions create. It outlines the actions that owners must consider and presents specific strategies, methodologies, and systems for surviving and thriving in the real estate downturn. This white paper focuses on five areas of potential major cost savings:

• Improved Energy Management
• More Effective Preventive Maintenance
• Improved Staffing Management
• Reduced Risk and Liability
• Capturing More Billable Revenue

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Part 2 of a 3 part series This nine-page white paper is designed for property owners & managers and is part of a series that focuses on the challenges and opportunities created by the current economic crisis. It outlines the actions that owners must consider and presents specific strategies, methodologies, and systems for surviving and thriving in the real estate downturn. This white paper will focus on six areas of potential major cost savings. It addresses how to:

• Measure and improve their current performance to reduce churn
• Deliver current and prospective clients timely and meaningful information
• Generate additional revenue streams
• Increase billable service collection
• Reduce operating expenses
• Minimizing capital outlays

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Part 3 of a 3 part series This 11-page white paper is the last in a three part series that focuses on the conditions created by the current economic crisis and the challenges and opportunities those conditions create for real estate owners & managers. This segment illustrates the return on investment that can be achieved by implementing the revenue creation and cost savings steps covered in the first two parts of this series. It also provides examples of how:

• An owner-manager experienced a 180% Return on Investment by reducing overhead costs and improving operations.
• An owner-manager was able to achieve a 145% Return on Investment by implementing a risk management program that dramatically decreased risk and liability insurance costs.

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We are now witnessing undeniable changes to our environment driven by a consumption oriented society. On a global scale, issues like global warming and the possibility of having an ice free North Pole have dominated the headlines. David Osborn President & Chief Executive Officer of Building Engines takes a look at what we can do as owners and operators of real estate to improve our environment and improve ROI from our properties!