How Albert Corporation Saved $125,000 with Runwise

Challenge

Financial efficiency is a top priority for co-op and condo boards. Albert Corporation helps their clients run efficiently, but high fuel costs and expensive after-hours charges for service vendors were consuming a significant portion of their building's budgets. Constantly pouring money into fuel and emergency heating services left less funding for other important projects, creating a pressing need to reduce operational expenses without compromising comfort.

Solution

Recognizing this challenge, Jamal Ansah, a property manager at Albert Corporation, turned to Runwise. By installing Runwise across the properties he managed, Jamal aimed to optimize fuel consumption and catch issues faster to reduce costly after-hours heating services. The system provides real-time monitoring and control of heating operations, allowing for immediate adjustments and proactive maintenance.

Results

The impact of implementing Runwise was immediate and substantial:

• Significant Fuel Savings: Properties equipped with Runwise saw a reduction in fuel consumption ranging from 20% to 25%. This decrease translated to considerable cost savings almost instantly after installation.

• Total Savings of $125,000: Across his entire portfolio, Jamal reported total savings of around $125,000. These funds could then be reallocated to other important initiatives within the co-op/condo associations.

• Increased Trust and Confidence: The tangible savings reinforced the trust condo boards placed in Jamal as their property manager. Initially hesitant, board members were convinced by the end-of-year savings reports that installing Runwise was a prudent decision contributing to the betterment of their buildings.

• Enhanced Decision-Making: The success of the Runwise installations empowered Jamal to continue making strategic decisions that positively impact the properties he manages, further strengthening his reputation for effective property management.

Jamal reflected on the experience, saying:

"It's an eye-opener because sometimes people are just hesitant to install a system like this. So when they see the savings numbers come back at the end of the year, they know they made the right decision. It really reinforces that trust they have in me as their property manager and my ability to make decisions that are contributing to the betterment of the building."