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What are the disadvantages of Submetering?
Submetering does have a few disadvantages compared to RUBS Billing. Submetering requires the installation of equipment on each unit’s particular utility. When submetering water, it’s critical that there is only 1 main water line per unit and that there is enough space for a meter to be installed on it. Submetering also requires a large upfront investment for hardware and installation. NES does offer submetering financing for qualifying properties.
What utilites can be submetered?
Every major utility can be submetered – water, gas, and electricity are the most popular.
• The ability to detect underground leaks
• Common area utilities can be billed to residents (not available in certain states)
• Submeters 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 save money since the residents pay for the water they used. The return on the investment is usually seen within 12 months.
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 is an acronym for Ratio Utility Billing System. RUBS uses formulas to allocate utility costs for water/sewer, gas, and electricity when meters are not an option or if your investment dollars can be better utilized elsewhere. We have a variety of RUB options to choose from and our team will outline them in accordance with your goals.
Does Submetering have regulations?
Yes. Lots of regulations. The laws and regulations regarding submetering multi-family properties change frequently and vary greatly per state and county. If you plan on installing and servicing your own Submeters without NES (National Exemption Service), we highly recommend staying up to date with the latest regulations.
Can NES handle my large property?
NES 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.
Our dedicated compliance team actively verifies state and county regulations, the in-house customer phone and email support team provides friendly assistance and the President & Owner actively manages the entire team. Protect yourself from liability and let NES handle your real estate.
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?
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