Business & Consumer Affairs
Iowa bill would give apartment-seekers more information on energy bills
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Iowa lawmakers are considering a bill that would require owners of large rental buildings to disclose typical utility costs to apartment-seekers. The legislation has momentum in large part due to a Des Moines-area property manager who has been a champion for energy efficiency in his buildings. “Rental housing is the low-hanging fruit” of energy efficiency, said Keith Denner, president of Professional Property Management. The problem is that property owners often aren’t rewarded for those investments. Residents are typically the ones who realize the cost savings, and they rarely have the information to factor utility bills into rental decisions.