Resident Managers face growing demands to juggle energy efficiency, resident comfort, and maintaining operational excellence.

And the rise of smart technology is reshaping how multifamily buildings are being operated. It’s never been easier for resident managers to improve HVAC performance, reduce energy costs, and save time.

At Parity, we’re at the forefront of this transformation. We empower resident managers to reduce their utility costs, streamline building operations, and reduce their workloads, all while maintaining resident comfort.

The Role of Smart Technology in Modern Resident Management

Smart buildings leverage IoT (Internet of Things) devices and automation to provide greater control and visibility into building performance.

With systems like HVAC, lighting, and Indoor Air Quality (IAQ) being monitored and automated in real-time, Resident Managers can take a proactive approach to optimizing energy use and maintaining resident comfort.

However, despite the clear advantages of smart buildings, some resident managers can feel uncertain about adopting these technologies. Concerns about complex installations, long implementation periods, or the cost of the upgrades are typically mentioned.

Parity’s Optimizer service is designed to be user-friendly, highly effective, and transparent. This ensures that resident managers can easily harness the power of Optimizer without getting bogged down in technical details.

How Parity Empowers Resident Managers

At the core of Parity’s Optimizer service is a simple yet powerful promise: we optimize HVAC systems’ to reduce utility costs. Guaranteed.

We know running a building is demanding, so we take the daily management of HVAC performance off the Resident Manager’s shoulders and do the heavy lifting ourselves.

Our control optimization software remotely and automatically makes real-time control adjustments.

Pi, our real-time monitoring and data analytics dashboard, keeps building staff informed about their HVAC system’s performance in real-time, provides timely alerts if issues arise, and allows for proactive decision-making.

For resident managers worried about navigating a steep learning curve, Parity makes it easy.

Pi is a user-friendly dashboard and our customer support team ensures that Resident Managers can fully leverage our service from day one. And if any challenges arise, our team is always on hand to assist.

Reducing Utility Costs with Parity

Utility costs are one of the largest expenses in multifamily residential properties.

This is where Parity truly shines. We reduce energy waste and improve energy efficiency to save on utility costs – guaranteed.

Buildings using Parity have consistently seen significant reductions in energy costs, with many achieving up to 30% in savings.

For example, we saved a highrise condo/rental building in New York City over $150K in the first year. Learn more about our work there by reading the case study.

These savings are achieved without sacrificing resident comfort. Our Optimizer service ensures that buildings remain comfortable while using energy as efficiently as possible.

For resident managers skeptical about whether energy savings can be sustained over time, Parity provides the data to back up our claims.

By continuously monitoring and optimizing energy use, our service ensures that savings are not just a short-term boost, but a long-term improvement. With consistent reports that are IPMVP verified, managers can track our work knowing that it’s accurate.

Plus, if we don’t deliver on our predicted utility savings, we will write you a check for the difference – guaranteed.

Saving Time and Simplifying Operations

Managing multifamily buildings is time-consuming.

With Parity, many HVAC-related tasks are automated, saving resident managers valuable time.

Our Optimizer service automates energy efficiency and continuously optimizes HVAC performance without manual intervention.

The Optimizer service also includes automated demand response curtailment. During demand response events, we automate protocols to save Resident Managers and other building staff time.

This automation allows managers to focus on higher-level strategic tasks, rather than getting bogged down in day-to-day operations.

But what about managers who are concerned that automation could lead to oversights?

Parity strikes a balance. While automation simplifies many routine processes, managers retain full control over critical decisions. Plus, our team of HVAC experts are in constant communication with building staff.

Our Pi dashboard offers alerts and insights that allow managers to intervene when necessary, ensuring that automation works as an enhancement, not a replacement, to their expertise.

Smart Technology is the Future of Resident Management

As the real estate industry evolves, smart technology will continue to play an increasingly important role in building operations.

With Parity, resident managers are empowered to optimize HVAC performance, save time, reduce utility costs, and maintain resident comfort.

The future is smart, and with Parity, it’s also efficient and sustainable.

Ready to start your journey toward smarter building management? Contact us to see how Parity can transform your property or email contact@paritygo.com.

Zoom. Spotify. Netflix. These are some of the most popular SaaS, or Software as a Service, companies.

But have you ever heard of HVAC Optimization as a Service?

HVAC optimization is the process of enhancing the efficiency, performance, and cost-effectiveness of heating, ventilation, and air conditioning (HVAC) systems.

When you add the “as a Service” piece, you get a subscription-based model where a company regularly manages and improves your HVAC systems performance.

Let’s put it all together.

HVAC Optimization as a Service is an advanced software solution that goes beyond monitoring and analytics to deliver fully automated, real-time control and management of HVAC systems with remote and on-site support.

Optimizing HVAC systems can involve various strategies and technologies that improve how HVAC systems operate daily.

It includes real-time monitoring, automated control adjustments, predictive maintenance, and efficiency improvements, typically using advanced technology and data analytics. This service aims to maximize energy savings, comfort, and system longevity without requiring significant upfront investment from the building owner.

Top view of Cooling tower in building roof top

Automated control adjustments are an especially critical component of optimizing HVAC systems. These adjustments combine real-time data, like outdoor weather and occupant demand, with advanced algorithms to create a more efficient and flexible HVAC system.

This means that the HVAC system only uses energy when and where it’s needed, avoiding unnecessary heating or cooling.

Automated control adjustments result in higher energy efficiency, better operational performance, and improved maintenance. Let’s look into this in more detail:

Energy Efficiency: Reducing energy consumption by adjusting performance parameters, upgrading components, or adding more efficient technologies, like variable frequency drives (VFDs).

Performance: Ensuring that HVAC systems operate efficiently and supply meets demand by calibrating controls and adjusting speeds.

Monitoring & Maintenance: Using monitoring systems to detect and resolve issues promptly. Continuous monitoring of system performance helps to track equipment efficiency and effectiveness over time. Learn more about Proactive Maintenance here.

HVAC Optimization as a Service is a new category of energy management primed to disrupt the built environment, and there’s one company leading the way.

 

How Can Parity Help? Meet Optimizer.

At Parity, we know running a building is demanding, so we take the daily management of HVAC performance off your shoulders and do the heavy lifting ourselves.

Our HVAC Optimization approach eliminates the need for constant manual adjustments and allows building managers to achieve maximum energy efficiency while reducing their staff’s workload.

How do we do it? Meet Optimizer.

Optimizer is our HVAC Optimization as a Service solution that micromanages your HVAC systems 24/7/365. It’s designed to lower your utility costs, guaranteed.

This is an image of optimizer, Parity's remote HVAC optimization as a service solution.

Optimizer is made up of our control optimization software, an analytics and monitoring dashboard called Parity Insights (Pi), automated demand response curtailment, and support from our team of remote and onsite HVAC experts.

Our control optimization software is a key piece of Optimizer and our secret sauce. It’s what enables us to save our clients 5 and 6 figures on their utility bills.

Without our software, there would be a crucial missing piece in maximizing the efficiency of HVAC systems and hardware components, like VFDs. Our control optimization software makes these systems “smart”, whether or not you have a BMS.

Here’s how it works:

  1. We connect a building’s local controls and/or a BMS to the Parity cloud. We read operational and equipment data and store it in our database.
  2. Parity’s Machine Learning (ML) algorithms use this data to redesign HVAC operations based on outdoor weather, occupant demand, and various building/system characteristics.
  3. Then, optimized control adjustments are automatically streamed to your building in real-time. This minimizes energy consumption and reduces your staff’s workload while maintaining a comfortable building climate for your occupants.

 

Our control optimization software actions are autonomously repeated and monitored for variations to guarantee performance. That’s right. We guarantee performance which means if we fall short of our projected energy savings, we cut your building a check for the difference.

Plus, using less energy means lower CO2 emissions, which can help your building lower its exposure to LL97 fines.

When we micromanage your HVAC systems, it frees up building staff’s time, reduces service calls, improves energy efficiency, maximizes demand response revenue, and most importantly, saves your building money.

 

HVAC Optimization Summary

HVAC Optimization as a Service is an advanced software solution that goes beyond monitoring and analytics to deliver fully automated, real-time control and management of HVAC systems with remote and on-site support.

A key piece of optimizing HVAC systems involves automated control adjustments. Automated control adjustments combine real-time data, like outdoor weather and occupant demand, with advanced algorithms to create a more efficient and flexible HVAC system.

Parity’s Optimizer service eliminates the need for constant manual adjustments and allows building staff to achieve maximum energy efficiency while reducing their workload.

Are you ready to learn more about Parity Optimizer service or how we can help your building, email contact@paritygo.com or call 1-833-372-7489. You can also visit our website to learn more about how we reduce utility bills in multifamily residential buildings and hotels.

Advanced property technology (PropTech) solutions have historically been tailored towards commercial real estate like Class A office buildings. This is especially the case with operations and maintenance technology. Residential buildings and hotels have been lagging in the technology adoption curve primarily due to their distinctive operating characteristics.

Fault detection and diagnostics (FDD), alarming/alerting, and other tech solutions that support property operations can be difficult to apply to buildings that are continuously occupied, potentially understaffed, and have older HVAC systems. These buildings can often benefit from a solution that provides automated control adjustments to their HVAC systems, limiting the need for manual adjustments at all times of the day.

Adding fuel to the fire, an article published in Facilities Dive says, “The majority of tenant issues come down to comfort, with 66% of respondents saying it is their most common request, according to the firm’s survey of 236 property owners, facility managers, operation executives, and other commercial real estate professionals.”

The article later stated, “Sustainability initiatives and ESG reporting are also gaining attention from commercial property teams. The report notes that over the past three years, commercial property teams have continued to prioritize energy efficiency and expense reduction, with 64% planning to prioritize these issues in 2024.”

So, why should you care about PropTech solutions specifically built for residential buildings and hotels that target occupant comfort and sustainability?

Highrise white condo building with balconies that is a good fit for Parity's services

Why Should You Care About PropTech Solutions?

Residential building and hotel staff should care about bringing advanced PropTech solutions into their properties for 4 reasons.

 

 

 

 

Now that you know why getting advanced technology into residential buildings and hotels matters and why you should care, let’s explain how Parity can help.

Central heating and cooling system control in a boiler room that PropTech solutions can automate.

Parity’s Role In Bringing Advanced Technology Into The Residential Space

Unlike trophy commercial properties, multifamily residential buildings and hotels are continuously occupied, are more likely to be understaffed, and are more likely to lack advanced HVAC controls. Historically, the energy-focused PropTech market didn’t develop solutions that were customized to address these types of challenges in multifamily residential buildings and hotels.

This is the gap that Parity is filling. Our control optimization software and supporting Optimizer service are specifically designed for multifamily buildings and hotels.

Through integrating with a building’s existing HVAC controls, our Optimizer service remotely and automatically makes real-time control adjustments based on data from your building and external factors like weather forecasts. This minimizes energy consumption and reduces your staff’s workload while maintaining a comfortable building climate for your occupants.

Automated control adjustments open new opportunities for Demand Response and grid interactivity more generally.  Parity automates demand response protocols to run during demand response events.

Also, Parity directly reduces CO2 emissions by improving your HVAC systems’ efficiency. We deliver automatic energy savings to potentially reduce your exposure to fines from building performance standards. As energy efficiency and greenhouse gas emissions regulations tighten, Parity opens new, low-cost opportunities for compliance.

Lastly, Parity are experts in proactive troubleshooting. Proactive troubleshooting allows building staff to solve things quickly if something goes wrong. If our service detects an operational anomaly with your equipment, we send color-coded alerts, tiered e-mails, and text messages to building staff as soon as the issue arises. Our service can identify issues in a building before your occupants are impacted.

If you want to learn more about how Parity is bringing advanced technology into the residential space, email contact@paritygo.com or call 1-833-372-7489. You can also visit our website to learn more about how we reduce utility bills in multifamily residential buildings and hotels.

Property managers and building staff know that one of the largest risks buildings face is equipment damage – especially larger, older, or complicated equipment. Whether it’s from wear and tear, age, or bad luck, equipment repairs can ruin budgets – that’s where Proactive Maintenance comes into play.

A smart approach to building maintenance is proactive maintenance. Proactive maintenance aims to prevent equipment failure before it occurs.

Proactive maintenance maximizes the lifespan of equipment, reduces unplanned downtime, and minimizes the cost of repairs or replacements.

Proactive maintenance typically involves regularly scheduled equipment inspections, routine equipment servicing, training and educating maintenance staff, and good record keeping.

Traditional methods of proactive maintenance are prone to human error or neglect. Parity’s real-time monitoring platform can help mitigate these factors.

 

PARITY’S ROLE IN PROACTIVE MAINTENANCE

A relatively new part of proactive maintenance is predictive maintenance. Using data and technology (sensors, monitoring systems, and analytics) to predict when maintenance is needed based on real-time data and historical trends. Predictive maintenance helps to identify potential problems before they lead to breakdowns.

This is where Parity comes in.

Parity is an HVAC Optimization as a Service company. We maximize energy efficiency and reduce energy costs through remote optimization of HVAC equipment.

Through Parity’s remote control and monitoring of HVAC systems, buildings unlock savings from avoided maintenance visits and equipment failures. This translates to increased equipment lifespan and reduced unplanned downtime, while maintaining resident comfort and freeing up building staff’s time.

A person with a blue hard hat and orange jacket is adjusting a control panel for proactive maintenance purposes.

Photo by Fatih Yurtman on Pexels.

HOW HVAC OPTIMIZATION CAN HELP

Often, small fixes or improvements early on can prevent costly and invasive repairs later.

Parity’s control optimization software automatically monitors and adjusts set points, motor speeds, and other performance parameters in real-time, based on up-to-the-minute data from your building and external factors like weather.

We upload building data into our Pi (Parity Insights) dashboard to visualize the performance of your HVAC systems in real-time.

If we detect an operational anomaly with your equipment, we send color-coded alerts, tiered e-mails, and text messages to building staff as soon as the issue arises.

Examples of conditions that trigger alerts from Pi include:

  1. Low or high domestic hot water temperatures
  2. Low pressure on domestic cold water booster supply
  3. Unexpected changes in cooling or heating supply temperatures
  4. Ventilation and make-up air units (MAUs)
  5. Low steam pressure

 

Pi is our window into your HVAC system’s performance. Our platform can identify issues in a building before the tenants are impacted.

THE TIME TO ACT IS NOW

Proactive maintenance is a cost-effective way to maintain your HVAC equipment. Buildings can maximize the lifespan of their equipment, reduce unplanned downtime, and minimize the cost of repairs or replacements by working with a company like Parity.

Let Parity micromanage your HVAC systems and save you money. Email contact@paritygo.com to learn how we can help your building.

New York City faced an unprecedented situation over the past few days.

The air quality was the worst in the world on Wednesday, June 7th, according to IQAir.com because of the Canadian Wildfire Smoke. Multiple sources put the highest recorded Air Quality Index (AQI) above 350 out of 500.

Due to the Canadian wildfire smoke, NYC building ventilation systems were unknowingly pumping bad air into buildings.

The effects of the Canadian Wildfire Smoke in Toronto Canada.

Photo by DESIGNECOLOGIST on Unsplash

Makeup Air Units

As time went on, building staff across the city raced to rooftops to turn off Makeup Air Units and other sources of outside ventilation to protect their building’s air quality.

We received several requests from our customers to turn off any systems that were mechanically pulling outside air into the building.

Parity remotely controls a building’s HVAC system. Our customers didn’t have to worry about manually turning off their ventilation systems and sucking in Canadian wildfire smoke.

Parity’s building intelligence engineers could turn off Makeup Air Units that bring in outside air, avoiding the smoke-riddled air being pumped into the building. By issuing commands, these units were remotely shut off almost instantly, saving time and allowing on-site staff to focus on other tasks.

As the smoke cleared on Friday afternoon, Parity turned these units back on and restored building operations to normal, ensuring safe and breathable air for their residents.

We quickly responded to our customers’ needs and ensured safe, breathable air for their residents during the alarming wildfires in Canada.

 

To learn more about our company and how we handled the Canadian wildfire smoke situation, please visit our website or email contact@paritygo.com.