RUBS Billing for Apartment Complexes
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Can RUBS Billing help recover utility expenses at an apartment complex?
RUBS (Ratio Utility Billing System) will significantly reduce utility consumption and increase recovery. When a property implements RUBS for water, we typically see 15-30% in water savings.
What is the upfront investment for RUBS?
Virtually nothing! There is no equipment that has to be installed since the properties main water bill will be divided to each resident based upon several variables.
Other Benefits:
• Instantly reduced consumption and recovered utility costs
• Common area utilities can be shared among residents (not available in certain states)
• RUBS can increase the value of your apartment complex due to increased profits
• NES also offers vacant recovery services which results in increased utility savings
Bottom line: The real estate owner is able to increase cash flow since the residents pay for the water bill. The results will be seen starting after the first billing cycle.
What types of real estate can utilize RUBS?
All types of real estate can be submetered. Property types include apartment communities, mobile home parks, townhomes, and condominiums. We specialize in properties with 100+ multifamily units.
Does RUBS have regulations?
Yes. Lots of regulations. The laws and regulations surrounding providing RUBS to multi-family properties change frequently and vary greatly per state, county, and city. If you plan on implementing RUBS, without NES (National Exemption Service), we highly recommend staying up to date with the latest regulations.
Can National Exemption Service handle my large property?
National Exemption Service (www.Submeter.com) is one of the largest Submetering companies in the USA. We currently provide Submetering and RUBS services in over 40 states with a focus on properties with more than 100 multifamily units. NES is uniquely structured to handle these large projects efficiently and professionally and the only company that offers extended warranties on submeters.
Our dedicated compliance team actively verifies state and county regulations, in-house customer phone and email support team provide friendly assistance and the President & Owner actively manages the entire team. Protect yourself from the liability and let NES handle your real estate.
National Exemption Service (NES) President & Owner is also a voluntary board member of the Utility Management & Conservation Association which makes him privy to best practices in the industry.
Do you own or manage a multifamily property with 100 or more units?
Get a FREE quote and learn how much you could save by starting RUBS this month.
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