Just finished an audit for a property management company - 85 commercial buildings across three states. Spent four months on it and found essentially nothing. Maybe $1,200 total in minor billing adjustments. Has anyone else run into these 'clean' portfolio audits? Starting to wonder if their previous auditor already picked the low-hanging fruit or if some property management companies are just better at utility management.
Property management company audit - 85 buildings, zero findings
Nancy, that happens sometimes, especially with sophisticated property management companies. They often have dedicated energy managers who stay on top of billing issues. Also possible they had a recent audit like you suspected. Did you check when accounts were last reviewed or rate schedules updated?
I had a similar experience with a REIT portfolio last year. Turned out they had an energy consultant on retainer who did quarterly reviews. Sometimes no findings is actually a good sign - means their systems are working. Still got paid for the audit, just didn't have any recovery to share.