With budgeting season in full swing, Brick Underground co-hosted a webinar with Super and one of Super's customers at the property management firm EBMG, to discuss best practices for planning a budget amidst so many cost increases in the coming year.
The panel dove into details such as prevailing wage, tax assessments, insurance costs, Local Law 97 and Local Law 11, and opportunities such as locking in energy prices. Ultimately, the takeaway is that: this is going to be a tough, expensive year ahead. Buildings will need to plan accordingly, and seek any economies of scale they can to find potential savings—or at minimum, lower the increases.
Some highlights from the summary article:
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