Separate Metering for Multi Family Properties

[Alex Babayev]

Hello,

I am looking looking at purchasing a 12 unit property made up of 2 buildings 6 units per building. Currently the units are not separately metered for utilities. Does anyone have any idea rough estimate how much I need to budget for separately metering each unit? or has anyone gone through this situation and can speak on the process and the costs associated? Thank you in advance for your time.  

[Jay Helms]

The most cost effective option @Alex Babayev is implementing RUBS (Ratio Utility Billing System). Need to make sure the county/state in which the property is located has the laws in place to support RUBS but essentially you plug in the # of bathrooms, bedrooms and  # of occupants for each unit into a spreadsheet. Add-in the master utility bill and it generates each unit's portion you can then bill back. Best of luck!