5 Benefits of Submetering Your Property
Submetering property for water can have a number of benefits, including:
Encouraging water conservation: By making residents responsible for paying for their own water usage, submetering encourages conservation and reduces overall water consumption.
Reducing water costs: Submetering reduces water costs for property owners and managers by allowing them to only pay for the water that is actually used, rather than a flat rate for all units.
Fairly allocating costs: Submetering can ensure that residents only pay for their own water usage, rather than subsidizing the usage of others. This is especially beneficial in situations where some residents use significantly more water than others.
Improving maintenance and repair: By accurately tracking water usage, submetering helps to identify issues with plumbing or other water-related problems more quickly, allowing for faster repair and reducing the risk of water damage.
Facilitating billing and payment: Submetering makes it easier to bill residents for their water usage and process payments, as it provides a clear and accurate record of usage.
Submeters can be installed and maintained by NES, which offers services such as meter installation, meter reading, billing, and resident support.
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What is Submetering?
Submetering involves the installation of equipment to measure and bill each unit’s utility use. Submetering has been used since it was invented in the early 1920s.
What are the benefits?
If you are trying to recover operating expenses for your apartment complex, Submetering is the answer.
When a property installs utility submeters, residents work harder to conserve utilities, dramatically reducing overall consumption. Residents are also responsible for their own usage, which almost eliminates the utility expenses for the landlord.
Submetering can also increase the value of your apartment complex or mobile home park.
Bottom line: The return on the investment is usually seen within 12 months because the residents pay for the utilities they use.
What types of real estate can be Submetered?
All types of real estate can be submetered. We serve both new construction and existing properties, those with equipment in place and those requiring equipment. Property types include apartment communities, mobile home parks, townhomes, and condominiums. We specialize in properties with 100+ multifamily units.
What is RUBS and how can it help real estate that can’t be metered?
RUBS, or Ratio Utility Billing System, is a method of allocating utility costs among residents in a multi-unit property. It is typically used in properties where it is not feasible or cost-effective to install individual meters for each unit, such as older buildings or properties with shared plumbing systems.
Under a RUBS system, NES calculates the utility usage for each unit based on the total utility usage for the property. This is based on factors such as the number of occupants, the number and type of appliances, and the property’s square footage. The total cost is then divided among the individual units according to a predetermined ratio.
RUBS can help real estate that can’t be submetered by providing a fair and equitable way to allocate utility expenses among residents. It can also help reduce utility waste and improve the property’s overall energy management.
Does Submetering have regulations?
Yes, submetering is regulated by various state and local laws. These regulations typically govern issues such as the installation and maintenance of submeters, the accuracy of the meters, and the billing of residents for their utility usage. The regulations governing submetering can vary depending on the location and type of property, so it is important for property owners or managers to familiarize themselves with the relevant laws in their area if they choose to submeter without NES.
Can National Exemption Service handle my large property?
NES is one of the largest submetering companies in the United States that provides services in more than 42 states. We specialize in properties with more than 100 units and have a team of experts to handle large projects efficiently and professionally. NES Compliance team keeps up with state and county regulations, and they offer in-house customer support. The company’s president and owner is also a board member of the Utility Management & Conservation Association, which gives him access to best practices in the industry. By choosing NES, property owners can protect themselves from liability and benefit from their expertise.
Do you own or manage a multifamily property with 100 or more units?
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