Frequently Asked Questions
What
is submetering?
Submetering is a system for recovering water/sewer expenses
from tenant/residents.
Why should I consider submetering?
For any multi-tenanted property, submetering transfers
the escalating costs for water/sewer usage to the tenant/consumer.
Participation in a submetering program will also increase
net operating income and property value.
How does submetering work?
Submetering is based on installing a water meter in each
apartment, retail store, condominium, etc. For best results,
each space should have an individual cold water line
and shut-off valve and separate hot water heater.
Can I charge residents for their water / sewer
usage?
Yes. Although you cannot make a profit, you can recover
water/sewer expenses from residents. The Edge Utilities submetering program includes rate analysis as
well as monthly meter reading and billing.
How much does submetering cost?
The costs for submetering varies with the type of meter,
number of units and access to water lines. Reading and
billing fees also vary but are passed through to the
resident as part of their billing for water/sewer usage.
There are no out–of-pocket expenses to an owner/manager
for reading/billing fees. Edge Utilities
is more than willing to provide a free survey of your
property and a proposal which will list all fees and
costs.
Is there another method to recover water/sewer
expenses?
Yes, there is. It is called RUBS
(Ratio Utility Billing System). The Edge Utilities RUBS program analyzes the apartment occupancy,
the community's water and sewer usage, and the common area
usage to develop a monthly water and sewer billing without
installing meters. As with submetering, there are no out–of–pocket
expenses for billing fees.
How do I find out more about Edge Utilities
Solutions' submetering and RUBS Programs?
Contact us and we will be happy
to answer any additional questions you might have. |