With a water sub meter you can monitor and control you water consumption by “remote meter readings”, which will detail the tenant’s usage on an hourly basis. This will allow you the ability to determine if water is being wasted. Discovering and repairing water leaks when they first occur is the key to saving thousands of dollars per year on your water bill. Don’t wait till DEP sends you a bill (which may even be “estimated”) before realizing that your building is wasting water and your hard earned money is going down the drain.

What is Submetering?

Submetering is the billing of utility use in individual dwellings in a master-metered environment Although most multi unit properties already have individual gas and electric meters, with water utility costs on the rise, submetering is becoming a necessity.

How Submetering Works

The concept is simple. Instead of just one water meter for the entire unit, a water submeter is installed on each individual line. With the help of remote wireless communication, all the data is sent to us for processing. We can generate an individual water-usage bill for each tenant.

The multifamily market is very competitive; there isn't much room to move rents to compensate for increasing expenses. Exploring different avenues to increase ancillary income has become more important than ever. More owners are turning to utility cost recovery programs as a way to increase their bottom line, and as a way to leverage against unforeseen utility price increases. The recent dramatic price increases of gas, electric and water have caught many owners by surprise. With the market being so competitive that rent increases are all but out of the question, owners and managers are being forced to find another way to recover increasing utility costs.

Submetering is the solution. This allows you to increase your bottom line dramatically, without increasing rent, which in turn allows you to remain more competitive and keep vacancy levels as low as possible. While increasing your Ancillary Income and thus increasing your Net Operating Income (NOI), you are also protecting yourself against an operating expense that is very unpredictable and unstable. In addition, you are also helping to promote conservation and protect the environment.

The entire submetering process is handled by Energy Billing Systems. From installation to monthly billing, we will be there managing your portfolio every step of the way. This allows you to increase your ancillary income without having to waste valuable time in the process. Contact Us for more information on how you can increase your ancillary income by submetering. As you can see, the increase in property value by submetering is VERY substantial. Not only do you increase your property value, you also increase your ancillary income, help control costs in order to keep rent competitively low and promote conservation. One of the best qualities is that properties generally see a Return On Investment (ROI) within 6-18 months!