Increase The Value Of Your Property and
Reduce Operating Expenses
Join the growing number of multi-family communities that are realizing the many benefits of
resident billing programs for electricity, water & sewer, natural gas and other services. By
implementing our customized resident billing program, communities will reduce resident utility
consumption by an average of 5-35%. For most communities, this represents thousands of dollars in
annual savings. Decreased utility bills resulting from resident conservation and increased
revenues from resident reimbursements will add financial value to your community.
The value of your property increases with the installation of metering systems. Installation costs
of metering equipment will vary based on the structure of the buildings and the type of metering
technology that is used. Installation costs typically range from $115 to $175 per unit. This is a
substantial capital investment, but comes with many benefits. The cost of installation is tax
deductible when it is treated as a capital improvement. Some state and local governments also
offer tax credit incentives to property owners installing submetering equipment. The average
Return On Investment (ROI) for submetering equipment is 12 to 18 months. Also, following the
installation of a submetering system, potentially expensive water leaks can easily be detected.
Another advantage for owners is the community’s increase in Net Operating Income. Removing the
responsibility of paying for your residents’ utility services increases cash flow. Utility
reimbursements are a source of revenue to help increase the cash flow requirements for your
community. For example, a 200-unit property with an average water bill of $40 per unit per month
could increase the property’s Net Operating Income by $96,000 per year or more, depending upon
local utility and sewage rates.
Contact us today for a free, no-obligation consultation on how we can customize a utility
management program that is right for your community.
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