Ben Chehebar, Chief Product Officer of Compology, stated, "We're excited for the positive results RealPage will deliver to the Multifamily market, and we look forward to expanding waste metering's impact in the commercial space, too."
FREMONT, CA: For years, Multifamily property owners have been able to meter their electricity, water, and gas consumption. Now, they can meter their recycling and waste to save on costs and move towards waste diversion goals through a new partnership between Compology, the only provider of AI-powered waste metering, and Realpage, the leading provider of software and data analytics to the global real estate sector.
While the new collaboration marks waste metering's entry into the Multifamily market exclusively through RealPage, Compology also works with a portfolio of Fortune 1000 clients with substantial real estate footprints, including ADT Security, Nordstrom, Capital One, and Jones Lang LaSalle (JLL).
"Compology's integration offering enables industry leaders, like RealPage, to flexibly and seamlessly integrate automated waste metering into their existing platforms," stated Ben Chehebar, Chief Product Officer of Compology. "We're excited for the positive results RealPage will deliver to the Multifamily market, and we look forward to expanding waste metering's impact in the commercial space, too."
Waste metering can help any manager or property owner check and analyze exactly how much waste each building is producing and then match collection frequency to their actual requirements (rightsizing), reduce overage and contamination fines, and in turn, decrease annual collection costs to improve the net operating income and overall value of the property.
For instance, an average 250-unit apartment community typically has 12 dlandfills, costing the property $30,000 to $40,000 per year for waste collection and fines. Waste metering will enable properties to reduce these costs up to 40 percent.