Customized Submetering and Utility Billing Solutions for Multifamily
Communities. Schedule a Free Consultation to Explore How a Customized Utility Billing System Would Benefit You.
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From System Design and Installation to Maintenance and Ongoing Service We Handle Everything.
Multifamily Utility Company is committed to timely and accurate billing every month. We utilize a state-of-the-art web-based utility billing system that simplifies the process of submetering. It allows residents unparalleled access to their data, in real-time 24/7/365 via the Internet.
Multifamily Utility Company offers code-compliant submetering systems for both new construction, retrofit or replacement of existing systems. From system design and installation to maintenance and ongoing service we handle everything. We use licensed subcontractors when required.
Multifamily communities could achieve conservation and reduce risk by taking advantage of our automated invoice processing platform. This is an exclusive program devised to help save you time and money using our utility billing expertise.
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Here Are Some Great Examples of Testimonials from Our Clients.
“Multifamily Utility Company has done an excellent job with our properties. They are very professional and have seamlessly transitioned many of our apartment buildings to the Ratio Utility Billing syaytem as well as setting up online automated meter reading and billing with our newer properties. I would recommend them to small and large property owners alike.”
“We have found Multifamily Utility Company to be an extremely professional organization. Their representatives are always responsive and attentive to our needs, as well as being very knowledgeable of all state regulations regarding utility billing. They gave us suggestions for increasing our revenue and we have seen a marked increase in collections and revenue since we started using their services. We are very pleased with all aspects of their service and look forward to a long, continued relationship.”
“We have calculated the increase in property value that comes along with submetering. For instance, on a property with 285 apartment homes with an average water bill of $7,000 per month, we can add up to $6,000 or more per month to the bottom line. At a 9 percent capitalization rate, that equates to a property value increase of $800,000."
Answers to Some Common Questions About Submetering and Ratio Utility Billing Systems.
Water submetering is the installation of water meters in individual units within a multifamily development (i.e. apartment communities, condominiums, mobile homes, etc.). Multifamily Utility Company will read the resident’s meter, bill the resident for their usage, collect from the resident and remit payment less the billing fee along with management reports to the property on a monthly basis.
If installing meters in each unit is not possible. RUBS would be a mathematical formula. It is a fair and legal billing method that was developed to calculate the utility costs for each resident within a multi-family community. RUBS can use square footage of the unit and/or the number of occupants to determine the cost of utilities for a unit.
Multifamily Utility Company offers code-compliant submetering systems for both new construction, retrofit or replacement of existing systems. From system design and installation to maintenance and ongoing service we handle everything. We sell, install, read and service non-proprietary meter systems and electronics components from industry leading manufacturers.
Please request a free consultation using the form above. We will answer all your questions and provide a practical solution-plan for your specific situation.