Does this describe the utility billing situation at your multifamily property? If you’re experiencing problems with your current utility billing services provider or receive daily and recurring calls from angry tenants, you’re not alone. The following are actual complaints from multifamily owners and property managers regarding their utility companies: The billing company added a service […]
Increase revenues without increasing rents Many apartment owners and property managers are curious about how Ratio Utility Billing Systems (RUBS) are used to calculate resident water and sewer bills. This article includes two videos that explain how to calculate a RUBS water/sewer bill for up to ten (10) apartment units. It also includes a complimentary […]
When utilities are included in an apartment complex’s rent, some tenants are naturally going to consume more than others. High utility users, even if they represent a small group of tenants, can substantially increase costs. Since these cost increases are effectively hidden in the rent, those residents who use utilities responsibly subsidize those who don’t. […]
Learn how to protect your NOI If your multifamily complex includes utilities in the rental fee, brace yourself. Utility cost increases are coming your way that may erode your hard-earned profits. Even more concerning is that you’re responsible for a sizable expense that you have little or no control over. The “utilities included” model puts […]
Choosing a vendor If you own or manage multifamily residential units–apartments, condominiums, student housing, affordable housing, manufactured homes, or military housing–you are probably involved in utility billing in some fashion. Utility expenses for these types of properties can be substantial so most owners look for effective ways to manage these costs. The Master-Metered Complex Predicament […]
AmCoBi was recently interviewed by Jessica Fiur, News Editor at Multi-Housing News MHN Online for an article titled “Increasing Revenue, Not Rents, With Utility Billing Systems.” Ms. Fiur discusses how billing residents for their share of the utilities can prevent rent increases and lower overall costs. The two primary approaches for billing residents for utilities […]
MHN provides the leaders of the multi-housing industry with the most current and complete news, information and analysis in print and online to help them run their businesses more efficiently and profitably. The online magazine recently featured AmCoBi’s article titled, “How Much Money Is Your Multifamily Community Losing?” Click here to read the full article.
How Much Money Is Your Multifamily Complex Losing? Owner loses nearly $200,000. Find out why and how you can avoid this situation. How much money do you estimate was lost?” We put this question to a multifamily owner whose complexes total nearly 500 units. His answer was shocking. “Nearly $200,000 over three to four years.” […]
AmCoBi was recently interviewed by Jeffrey Lee for an article titled “Sensible Submetering: Apartment providers find both financial and conservation benefits from charging utilities to residents”, that was recently published in the National Apartment Association’s Units Magazine, April 2010 issue. AmCoBi was a contributor to the section on “Data Mines.” Click here to download the complete article.