Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

258
Posts
170
Votes
Katie Neason
  • Flipper/Rehabber
  • Bryan, TX
170
Votes |
258
Posts

How to read and bill my submeters

Katie Neason
  • Flipper/Rehabber
  • Bryan, TX
Posted

I recently completed the construction of a 26 unit mixed use building. There are up to 6 commercial tenants and 20 residential lofts. I thought I was being brilliant by installing submeters for all of the units. I am 8 months into the first tenant moving in and two tenants from being full and I cannot figure out how to use effectively and efficiently use the submeters (sensus). My property management company doesn't know, Sensus is clueless, I talked with the city and my main contact there said he could teach me how to read them manually, I have reached out to a few apartment owners and developers in town and NOBODY knows! I am not going to read 26 meters each month! There must be a service or way to make this automated. I am looking for a way to automatically read them, generate a bill monthly and send it to the tenants. A system I can pass off to the management company and they can execute. I have been investing for over 10 years and have always heard, if you can go into a property and find a way to submeter it you can force appreciation through a higher NOI. Here I am with the units submetered and I can't figure out how to make it work 🤪. I know there is an established system that makes sense. Who knows what it is?

Most Popular Reply

User Stats

860
Posts
323
Votes
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts
Mayer M.
  • Investor
  • Cherry Hill, NJ
Replied

@Katie Neason

You have one water main into the building correct? From the main meter you have a “spread” to all the individual meters

You need WiFi meters and a WiFi router in the room to relay the information to the company billing your tenants for the water

Go to truesubmeter.com and you can read a little on it. You’ll get it figured out

Loading replies...