RUBS in Texas (15 unit complex)

[Shea Spinelli]

Does anyone have any experience or advice on using RUBS in Texas for a 15 unit complex? I looked into separating meters and was quoted 15k. I think that’s a little over priced and maybe my plumber doesn’t want the job. But if he’s close it puts us at 4-5 years break even. 

Thanks in advance,

Shea

[Fred Heller]

RUBS is a kind of "damned if you do, damned if you don't" kind of situation.

The typical RUBS contract bills each tenant based on the square foot of their apartment. But what if one apartment has one tenant and another apartment has three tenants living there?

I had one client looking into RUBS and it was so complicated that he decided to eat the cost of water/sewer himself.