Utility Submetering is a cost effective method of passing the monthly utility expense from the Community to the resident. A disciplined and structured Submetering program increases net operating income through resident conservation and owner-control of fluctuations in utility seasonal usage.
The metering of individual apartments gives the residents direct control over their usage, resulting in lower utility costs. Residents report leaking fixtures in a timely fashion because they have a vested interest in utility conservation. The net result is a lower cost of living.
Submetered Properties across the country consistently outperform utilities paid properties by keeping rents competitive and utility costs controlled. The Submetering of electric, gas and water (including sewer) can reduce resident consumption 15 to 40 percent.