See the Benefits of Using Water Sub-Metering in Your Rental Units
Conserving water is the first step in controlling the ever-increasing water cost. Sub-metering is a great way that landlords can do this in their rental properties. If you have more than one tenant figuring out which one is the heaviest or lightest user of water can be difficult. With inflation on water bills and raising rental fees to keep up with it is not easy. Using Sub-metering gives landlords a simpler way to measure each tenant’s water usage and charge them for the water usage. They are responsible for a bill which they pay by making it their responsibility for the water and not the landlords. When a property owner decides to sub-meter it is an idea that helps the environment as well as their tenants.
What is Water Sub-Metering?
Water sub-metering is the act of installing devices in each unit of multi-family rental complex such as apartment buildings, mobile homes, and condominiums. This equipment measures and tracks water usage of each unit they are installed in. They are also essential plumbing units that provide landlords and tenants many advantages. The units can be monitored either by RF frequency from anywhere in the country, by a company that reads the meter, or by someone the property owner has hired. Residents that are sub-metered reduce the average of their consumption in the community by an overall 35%.
Water and sewer bills are some of the largest utility bills seen recently more so than it was in the past. Not every property is using sub-metering this is because they are not able to be sub-metered. Most newly constructed apartment communities are sub-metered, and the current ones that can be will begin installing them. Many states may start requiring sub-meters in multi-family communities in the future as well as offering incentive programs if they are installed.
How Does Water Sub-Metering Work and What are the Benefits?
Landlords who use sub-metering for water usage now have water meters attached to each unit in their complex, this meter tracks each unit’s water consumption. Each tenant pays according to how much water they use those who use more pay more, those who use less pay less etc. Tenants are rewarded financially when they don’t use as much as they don’t have to pay as much on their water bill.
Common household ailments and repairs such as leaky faucets, toilets, and pipes that are often; unnoticed or ignored by tenants will be reported as it negatively impacts their utility bill.
There are many benefits of having sub-metering a few are:
- Landlords can increase cash flow by recovering all if not most monthly utility bill.
- It eliminates utility costs from the rent equation so your property stays more competitive as well as making residents happier with rental prices.
- Water sub-metering encourages leak reporting so the landlord take care of small problems before they become costly repairs.
- Because residents are directly responsible for their own water consumption it leads to a “greener” property.
- Analytical tool for allocating costs to tenants.
- Eliminates Square foot usage
- AMR (Automatic Meter Reading allows property owners to read meters at any time and from anywhere in the world.
The best advantage is that it benefits not only the landlord but the environment and the tenants as well; so everyone wins. The environment, however, benefits more than the other two as the water consumption is reduced up to 30% than a community that is not on a sub-metering program. Tenants will change the way they use water since they are now paying for it for example letting it run without using it, reporting leaks they didn’t use to care about etc. Drinkable water is becoming a scarce commodity with our increasing population, and even more expensive to produce it.
Proper Installation of a Water Sub-Metering System
The best time to start sub-metering is on a freshly built property as the new tenants already understand they will have separate utility bills. Existing properties that are transitioning into sub-metering face challenges of many things. Plumbing issues and having the tenants understand why they will be paying their own utilities. Retrofitting meters to an already built property can vary depending on the existing older plumbing so an installation can take thirty minutes or more. With a new property installation of meters can take as little as twenty minutes. Meters can also be upgraded later if need be.
Regardless of the age of the property sub-metering will help to streamline the water bill system for you. But this must be installed correctly, and should be connected by a licensed technician ensuring that all meters are safe and of the highest quality. We will ensure that your sub-meter installation is completed correctly and to code and to the highest standards.
To have your property sub-metered a few items need to be done:
- Figure out the tenants that are to be monitored
- Contact your contractor to have the meters ordered and installation scheduled and completed
- Initial reading of meters and allocate cost to tenants
- Once installed the sub-meter must be inspected to ensure that it is correctly installed.
Maintaining and Inspection of a sub-metered system.
It is important to have your Sub-meter system inspected and maintained regularly to ensure that it is working as it should. This helps to ensure that not only are the meters working as they should, but they are charging the customers correctly not too much nor too little.
Sub-metering has been around for many years starting with the electric industry. Once it was determined that sub-metering would help to drastically decrease the amount of electricity used for multi-family developments. Since then Sub-metering has evolved for many utilities as well as water. We will provide service, maintain and ensure that your sub-metering system is working to its fullest potential as our technicians are highly-trained.