ATLANTA—Association boards and property managers can play a vital role in helping the environment—and helping a landlord's bottom line. Indeed, you can pick up cold hard cash from the table with the right strategy.

But what are those strategies? GlobeSt.com caught up with Chris Normandeau, director of FS Energy, the energy management and advisory subsidiary of FirstService Residential, to get some insights.

Nearly 40 percent of US energy consumption can be attributed to residential and commercial buildings, according to the U.S. Energy Information Administration. Multifamily buildings, which represent a substantial and growing portion of the residential properties in the US, contribute significantly to this energy consumption. Normandeau tells GlobeSt.com this is true of both older buildings that do not meet today's energy-efficient standards as well as newer buildings that do not put a focus on proactive property management.