Vacant Cost Recovery

No Property Costs for VCR Services

Vacant Cost Recovery Services can be added to utility billing at no cost to the property. VCR is an added service that is added to the service fee.

No Operating Costs

Banyan’s VCR billing services require no extra work from the property, no more long hours reviewing the master bill to ensure only vacant units are billed.

The Convenience of One Bill

Since VCR is done in-house, we can include the estimated charges and actual charges on one bill. Resident’s won’t be confused when they receive multiple bills for the same billing cycle.

Often, residents move into a complex and forget to switch over utilities. It can take months for the property to realize the name change has not occurred. In many cases, the property is paying for the unit’s utility consumption and cannot bill the resident back.

With Vacant Cost Recovery (VCR), the property will never have to pay for an occupied unit’s utility costs. VCR is a solution Banyan offers to help the property recover utility costs of occupied units.

Banyan will catch those occupied units that do not switch over the utilities and make sure the property does not cover the costs of utility consumption. We deduct the consumption of that unit from the master bill, and add it to the residents bill. In some cases, we save a property thousands of dollars in utility bills and property operating costs.