U-RUBS can easily transition several utility expenses to your tenants, including the following:
…or most any other charge you presently include in the rent!
The Race Against Rising Utility Costs
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.