COMMERCIAL PROPERTY MANAGEMENT

CHALLENGE

A regional property management company hired Talismark to review its portfolio

THE OPPORTUNITY

The head of property management was concerned that there were numerous contracts signed on behalf of the properties with waste hauling firms, most with five-year, auto-renewing clauses (so-called “evergreen” contracts are commonplace in the hauling industry) designed to prevent changes in service from being implemented.

THE GOAL

To perform consolidated billing and change the vendors to maximum savings and ensure the services were right-sized.

THE SOLUTION

After discussing the findings with the management company, a decision was made to implement consolidated billing for properties and to change vendors at some locations that were currently using expensive, government-mandated services.

THE RESULTS

Talismark successfully exited every contract on behalf of the management firm and, as their spokesperson said, “Saved the firm money.” Billing was streamlined, is now understandable, and can be paid with one transaction each month for all locations.
Total savings: 46.7% annually

Additional Case Studies

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