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Updated about 2 years ago on . Most recent reply
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How can I pass utility costs to the tenants?
In most of my buildings the tenants pay for their own utilities. However, in one of my multifamily buildings (24 unit) I pay for both the water and heat (gas) which is costing over $55/month/unit. It isn't cost effective to install individual water meters or individual gas meters. What have you implemented to have the tenants share the responsibility for water and/or gas usage? What has or hasn't worked for you?
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@Steve Yoder RUBS is the best way, there are local providers that do this, It’s a Ratio Utility Billing System that can put their own meters that read consumption. OR you could simply increase the rent to “account” for that $55
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Engel & Völkers | St. Pete
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