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Updated almost 4 years ago,

User Stats

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

RUBS vs. Submetering via Meter Spread 28 unit new construction

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted

Hey,

Curious to hear your opinions. Doing a new construction 28 unit building in Philadelphia.

If you’re familiar with Philly, water is a lienable utility and is never placed in the tenants name. To capture water income what is the best route? Options are submetering via meter spread and installing WiFi meters where the domestic water line ties into the building, there’s RUBS and there’s simply adding a fixed water fee to each lease.

What would you do and why? In your opinion what are the pros and cons to each route?

Thanks!

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