CALIFORNIA – 23rd October 2020 – Multifamily Utility Company Inc. is pleased to share that they offer customized programs on their Ratio Utility Billing (RUBS) along with the vacant cost recovery service. The company works with all types of apartment and multifamily property owners across all the states in the country. Property owners with 20 or more units in their real estate portfolios can benefit from the multifamily utility billing solutions to recover utility costs, increase their net operating income or NOI, reduce operating expenses and maintain a low carbon footprint.
Ratio Utility Billing System or RUBS program is a method for allocating master billed utility expenses to the residents of the multifamily unit. It is not a traditional method where the overall bill is divided by the number of units. RUBS takes into several factors such as square footage of the unit, and/or the number of residents depending on the utility. Multifamily Utility Company Inc. works with the property owners to customize the RUBS program as accurately as possible. “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 Program, 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”, says a happy client from San Diego, CA.
Their Vacant Cost Recovery Service is offered to help the property owners recover utility costs on occupied units. The team here ensures that the occupants or residents quickly switch all the utilities from the property to their names. As part of the VCR service, the team also identifies the occupied units which haven’t switched over the utilities and make sure that the property does not cover the cost of utility consumption. They deduct the consumption of that unit from the master bill and add it to the residents’ bill; thereby saving thousands of dollars in utility bills and property operating costs.
The company also offers submetering as the ultimate utility expense recovery solutions. “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 $7000 per month, we can add up to $6000 or more per month to the bottom line. At a 9 percent capitalization rate, that equates to a property value increase of $800,000”, says a client from Tampa, FL. The idea behind submetering is to accurately monitor each home’s electricity usage not just to take precautions to conserve energy but also to reduce the carbon footprint.
As one of the fastest-growing companies in this industry, their regulatory experts help the property owners comply with the local regulations and conservation program. The company has been continuously listed on the Inc 5000 Fastest Growing Companies List for six consecutive years. To know more about RUBS in detail visit https://multifamilyutility.com/what-is-rubs/
About Multifamily Utility Company Inc.
Multifamily Utility Company Inc. headquartered in San Diego, California is a company that offers utility billing services nationwide. By staying up to date with utility billing regulations statewide, the company ensures proper setup with seamless and error-free implementation.
Multifamily Utility Company Inc.
Address: San Diego, CA
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