Submetering vs. Metering: Which Utility Management Solution is Right for Your Property?
Metering and submetering are two utility management solutions that are widely used in the real estate industry. While both options involve the installation of meters to track utility usage, there are significant differences between metering and submetering that property owners and managers should consider when deciding which solution to implement.
Metering involves the installation of a single utility meter for a property that tracks the total amount of consumption in the building. This approach is a traditional way of monitoring utility consumption in multifamily properties. Property owners then absorb the cost of this consumption.
Submetering, on the other hand, involves installing individual utility meters for each unit in the property to track their consumption. The meter readings allow property owners to accurately bill tenants for their actual utility consumption, which is based on individual usage. Submetering is a more accurate method of utility tracking that incentivizes tenants to be more mindful of their utility consumption, which can lead to a significant reduction in utility costs.
By submetering, property owners can identify tenants who are using more resources than others and take steps to encourage them to reduce their utility consumption, reducing the overall utility consumption of the property. NES is a leading submetering company that provides customized submetering solutions for multifamily properties that can help property owners save money and reduce consumption. NES’s submetering technology allows property owners to track individual usage, providing real-time data on utility consumption in the property, which can help identify high-usage areas.
In conclusion, submetering is a more efficient utility management solution compared to traditional metering. By accurately tracking individual utility usage, submetering allows property owners to reduce utility costs and reduce expenses in their multifamily properties. NES offers customized submetering solutions designed to meet the specific needs of each property.
Do you need a free quote? Get a quote now!
What is Submetering?
Utility Submetering involves the installation of equipment to measure and bill each unit’s water/sewer, gas, and electric 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 water submeters, tenants 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.
Submetering can also increase the value of your apartment complex or mobile home park.
Bottom line: The real estate owner is able to save money since the tenants 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. Properties 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 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.
Our dedicated compliance team actively keeps up with 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 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 Submetering.
We will contact you within 1 business day via your preferred method of communication.