Submetering New York
Submetering is becoming more popular in New York, as it helps to reduce water consumption and costs for both the building owner and the individual residents. It can also help to identify and address leaks or other issues with water usage in the building.
If you are a landlord in a multi-unit building in New York and are interested in submetering, you should speak with NES to learn more about the process. Do not attempt to implement submetering or RUBS without verifying about all local, state, and federal requirements.
What is Submetering?
Utility Submetering involves the installation of equipment to measure each unit’s water and sewer, gas, or electric use. NES can handle installing, monitoring, and billing residents for their usage.
What are the benefits?
If you are trying to recover operating expenses for your apartment complex, apartment submetering is the answer. NES submeters water, gas, and electricity.
When a property installs water submeters, residents work harder to conserve, therefore reducing overall consumption dramatically. We typically see 15-30% water savings. Submetering is also instrumental in detecting leaks. Common area water usage can be accurately measured and billed accordingly.
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, we highly recommend staying up to date with the latest regulations.
Do you own or manage a multifamily property with 100 or more units?
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