
Over the past several years, the cost of utilities has vastly outpaced inflation rates by 300% to 400%. This is mainly due to municipalities and utility providers having to pay for repair costs covering aging infrastructure, installing treatment facilities to meet higher water quality standards and striving to meet increasing demand for resources.U-RUBS allows property owners and managers the opportunity to manage one of the remaining uncontrollable costs: their water, electricity and other utility bills. In 2005, the average apartment owner paid $21 every month per apartment unit in water and sewer charges. By 2015, this figure had increased to around $30.
While sub-metering is the most accurate way to track utility usage, it is not always feasible due to plumbing and mechanical configurations, especially in older buildings.
If possible, U-RUBS can be set up separately or in conjunction with sub-metering. It can also be implemented in apartments, condominiums, office complexes, retail stores, warehouses or just about any type of multi-unit property.
By implementing our U-RUBS program, your utilities will turn from a Net Operating Expense to an asset that adds to your Net Operating Income. This boosts your bottom line and subsequently increases the value of your property.
The best part of this process is that we do all of the heavy lifting for you and your management team. Not only do we collect and analyze the data, send the bill and collect the monthly payments, we also handle customer service related matters. This provides you and your staff with more time, freedom and resources to prioritize resident comfort or other concerns.
Tenants benefit in that they are now in control of their usage and subsequent rent increases, as once they start paying for it themselves, consumption and billing charges drop at an average of 20%. Our reports have shown that tenants become more proactive in reporting that leaking toilet or dripping faucet.
With their very own secure and online United-UtilityTrakR™ portal, they can quickly and easily check their balance or make a payment 24/7/365.