In this episode we dive into submetering and RUBS “Ratio Utility Billing”. This is often overlooked but one of the best ways to force appreciation for you commercial property owners and investors. Our guest Joseph Friend is a wealth of information when it comes to cost recovery services within the utility sector.
Submetering allows property owners and managers to fairly allocate gas, water and electric costs to individual units within multifamily buildings, homeowners' associations and developments. This guide is designed to help landlords better understand how utility submetering works, the different types of utility allocation options, and how to choose an outsourced submetering company.
RUBS billing is typically utilized where space, system age, configuration or complexity makes it impossible or too expensive to install individual submeters. It is a fast and inexpensive solution that improves utility cost recovery, allocates costs more fairly among tenants, decreases unnecessary consumption, and increases a property’s net operating income. RUBS is suitable for all types of multifamily properties, including apartments, condominiums, HOAs, mobile home parks and more.