by Denise Deverelle | Oct 5, 2021 | conservation, submetering
If you are building or acquiring multifamily communities, you’ll need to decide how to handle resident utilities. In most jurisdictions, water meters are required for new construction, but what about existing properties? Retrofitting meters into existing...
by Denise Deverelle | Aug 12, 2021 | budget, conservation
By Michael Foote, JD Housing providers that use utility billing and expense management programs are familiar with the effects of those programs on their utility expenses and operating income. The basic thesis is that obligating residents to pay for their measured or...
by Denise Deverelle | Aug 2, 2021 | budget, conservation, litigation, NOI, utility expense management
It’s budget season. Did you know there are some very common mistakes that can destroy your NOI for the whole year? Now is the time to change these NOI-busting habits:1. Don’t flat-rate bill for utilities. Save as much as 20% by fairly allocating usage to...
by Denise Deverelle | Jun 15, 2021 | multifamily management, NOI, ratio utility billing systems
We hope by now, you understand the benefits of charging residents for their utility usage. It’s great for your NOI and is guaranteed to reduce waste. Leaks will get reported faster, which can reduce the amount of water damage that occurs.Assuming you’re...
by Denise Deverelle | May 13, 2021 | benchmarking
What is benchmarking, and does my building/business/apartment community have to do it? According to the Oxford English Dictionary, benchmarking is “a standard or point of reference against which things may be compared or assessed.” Benchmarking helps us understand...
by Denise Deverelle | May 7, 2021 | software integration
One of the most convenient things about third-party billing is our ability to exchange data with your property management platform as if you did the work yourselves. There are two common ways to do this programmatically: Electronic Data Exchange/Interchange (EDE/EDI)...
by Denise Deverelle | Apr 20, 2021 | utility expense management
Earth Day is Thursday, April 22. It’s the day we recognize and appreciate our planet for all it does to sustain our lives. It’s also a day to remember that it’s up to every one of us to conserve and protect the Earth. Here are twenty ways to...
by Denise Deverelle | Apr 13, 2021 | conservation, energy efficiency, multifamily management
California is leading the way on utility benchmarking in an effort to understand and enforce conservation. Assembly Bill 802 directed the California Energy Commission to create a statewide utility benchmark for buildings larger than 50,000 square feet. The...
by Denise Deverelle | Apr 12, 2021 | submetering
Most modern submeters are highly reliable and have a long life, but there are a few things to examine if you’re getting complaints about incorrect bills or your submeter bills don’t add up to what your master bill reads. Mineral build-up on...
by Denise Deverelle | Apr 8, 2021 | conservation, energy efficiency, multifamily management
Let’s say you have a multifamily property and one water meter for the building. Residents pay their own gas and electric, but you pay the water bill and have always just factored water in when you calculate your rental rates. The water bill keeps getting higher, but...
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