Whether you own or manage one or several multi-unit buildings, you understand the issues facing water billing. At ABT Water Management, we want to help you lower your water rates. If you own an apartment, water submetering may be the way to go. However, before you make any decision, the apartment water submetering companies you are considering should be capable of offering you the services you require as well as meeting your tenants’ needs.
Utility expenses for water services can be substantial. Master meters are common for properties that feature multiple units and tenants. These systems generate a single bill. The water provider or management system delivers this bill to the owner of the property. While some owners incorporate water usage as part of the rent or adopt ratio utility billing systems (RUBS), others prefer a system that has the tenants pay for the water they use.
To achieve this goal, owners install sub meters to put an end to a master meter system. A sub meter system consists of a meter for each unit of the home. A radio frequency transmitter collects the data, translates it and sends it to a receiver. It then proceeds to a water management system. At this point, they read the information and either send it to the water provider or use it to prepare the bills. It will depend upon the type of services the owner has arranged for the submetering company to handle. Some apartment water submetering companies are fully comprehensive in what they offer. Others restrict their services to a certain aspect; others can perform in either capacity. What each company will do depends upon their arrangement with the owner. At ABT Water Management, we address a variety of needs large and small property owners and managers may have.
Transitioning from a master meter to a sub meter system can be liberating for all parties. For apartment dwellers, it is a means of finding out exactly how much water they use and when their usage peaks. This allows them to regulate their water usage and even reduce their overall water bills. For owners and property management companies, it allows them to improve their net operating income (NOI). This can happen in a relatively short time since the owners no longer have to try to keep up with rising and changing water rates by adjusting rents or short changing other aspect of their operating budget.
At ABT Water Management, we help our customers decide how to transition. We also talk to them about what system may work best. By consulting with them and working together towards a viable solution that benefits everyone, we are exemplifying how the best apartment water submetering companies should operate.