Submetering offers a powerful tool for property owners to gain control of utility costs, promote responsible consumption, and ultimately increase profitability. But is it just for large apartment complexes? Absolutely not! Let's explore the benefits of submetering for both small and large properties.
Benefits for Small Properties
- Accurate Usage & Reduced Overconsumption: Submeters provide individual unit usage data, eliminating guesswork and ensuring fair billing based on actual consumption. This encourages tenants to be mindful of their utility usage, leading to potential cost savings for everyone.
- Transparent Billing Options: Choose to manage billing yourself with free online access to meter readings, or leverage our third-party billing service. This service handles everything from calculating usage to sending tenant bills, freeing you up from administrative burdens. Additional charges apply for this service, but the convenience can be a worthwhile investment.
- Third-Party Dispute Resolution: For multi-unit properties, disagreements about utility costs can arise. Our service can act as a neutral third party when escalating billing issues, promoting smoother tenant relations.
- Investment Payback: While the initial cost of equipment installation might take some time to recover, the long-term benefits of submetering, like reduced utility bills and increased tenant satisfaction, can significantly improve your property's bottom line.
Benefits for Large Properties
- Accurate Usage & Reduced Overconsumption: Just like with small properties, submeters provide detailed usage data for each unit. This empowers you to identify areas for potential energy savings and encourage responsible consumption among tenants.
- Transparent Billing Options: Enjoy the same flexible billing options as small property owners. Manage bills yourself through online portals or outsource the entire process to our third-party service for a monthly fee. What’s alluring is that for most large properties owners/property managers do not have to pay out of pocket as the costs are completely covered by the tenants.
- Equipment Discounts: Larger properties may qualify for our billing contract discounts on their submetering equipment, making the initial investment even more attractive.
The Bottom Line
Submetering offers a win-win situation for property owners of all sizes. By gaining control of utility costs and promoting responsible consumption, you can create a more sustainable and profitable property. Whether you manage a small duplex or a sprawling apartment complex, submetering can be a valuable tool for taking your property management to the next level.
Photo by Simone Hutsch on Unsplash
Photo by Debby Hudson on Unsplash
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