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Submetering Value
As the nation’s property owners, developers and managers
are turning to submetering solutions to offset the rising
utility cost, increase their net income, and encourage resource
conservation. Implementing a water, gas or electric utility
cost recovery submetering solution is easier than you might
think, in some cases FREE!
RBC Utilities is committed to providing state-of-the-art
submetering solutions to meet your residential or commercial
properties needs. To ensure we meet this commitment we have
partnered with Wellspring Wireless to offer you access to
their full line of products. Wellspring Wireless offers the
nation’s most complete line of water and energy subutility
products for all building types. Wellspring has over 120,000
of wireless meters installed, sending reads automatically
on a regular basis. This unique technology enables RBC Utilities
to submeter any property, even the older garden and high rise
communitites that previously could not be submetered.
Here are some of the benefits of submetering your property;
- Increased Net Operating Income (NOI)
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This is achieved by passing through the actual consumption
cost to the tenant, thus reducing your monthly utility
expenses and increasing your net income. |
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Increased revenues from tenant billing, combined with
decreased utility bills as a result of tenant conservation
will result in increased property values. A 200 unit complex
could see an increase of $700K in property value. |
- Protect rents or condo fees from rising utility
cost
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Base rents and condo fees cannot compete with rising
utility cost. Submetering allows you to keep your base
rents competitive, but still increase your net operating
income. |
- Increased tenant satisfaction
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Allocating utility cost fairly based on actual consumption
allows tenants to control there own cost. |
- Conserve natural resources.
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Water is a depleting natural resource. Many properties
have seen a 35% reduction in water consumption after implementing
a submetering system. |
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