Property Owners and Managers:
- Lower Operating expenses
- Increase cash flow
- Increase property valuation
- Protect against unbudgeted utility expenses and rate increases
- Promote the image of “Going Green”
- Only pay for what they use
- Lower total housing cost
A study conducted by the National Multi-Housing Council (NMHC) and the National Apartment Association (NAA) found an 18 to 39 percent reduction in water consumption in submetered dwellings compared to units that include water expenses in their rent.
Thousands of real estate investors and property managers, across the nation are achieving long-term, cost-saving results through utility submetering. Utility bills typically make up 5% to 10% of monthly costs. With submetering, utility costs can be eliminated from the rent.
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