The pandemic has put more pressure on landlords to install new technologies to create efficiency. This is true across property types, but affordable housing—which has lagged behind in technology adoption—stands to benefit significantly from the usage of new technology. With tenants at home more during the pandemic, utility bills are increasing, but landlords have options. New technologies can help to reduce these costs.
“There are many people working from home, doing distance learning, or are out of work—especially those who were in lower paying service jobs,” Dave Hodgins, executive director of LA Better Buildings Challenge, tells GlobeSt.com. “Overall, lower income individuals and families have been disproportionally impacted by the pandemic crisis. Because they are at home, more energy is needed and subsequently they will have higher utility bills. While it was a crisis before COVID-19 hit, overall, the utility cost burden has become a major issue for even