Apr 11, 2021
In this episode we dive into submetering and RUBS "Ratio Utility
Billing". This is often overlooked but one of the best ways to
force appreciation for you commercial property owners and
investors. Our guest Joseph Friend is a wealth of information when
it comes to cost recovery services within the utility sector.
Submetering allows property owners and managers to fairly allocate
gas, water and electric costs to individual units within
multifamily buildings, homeowners' associations and developments.
This guide is designed to help landlords better understand how
utility submetering works, the different types of utility
allocation options, and how to choose an outsourced submetering
company.
RUBS billing is typically utilized where space, system age,
configuration or complexity makes it impossible or too expensive to
install individual submeters. It is a fast and inexpensive solution
that improves utility cost recovery, allocates costs more fairly
among tenants, decreases unnecessary consumption, and increases a
property’s net operating income. RUBS is suitable for all types of
multifamily properties, including apartments, condominiums, HOAs,
mobile home parks and more.
If you'd like to meet with Beau to talk financing, book a
call here
( http://bookwithbeau.com/ )