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Updated over 5 years ago on . Most recent reply

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4
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2
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Dave R
  • Old saybrook, Ct
2
Votes |
4
Posts

RUBS

Dave R
  • Old saybrook, Ct
Posted

Wondering if anyone on here does RUBS and handles the billing themselves? What is your method? Has it worked well? Any problems? Also anyone that uses another company for this, how has it worked out? Any company recommendations?

Most Popular Reply

User Stats

14
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12
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Peter Dalal
  • Rental Property Investor
  • NY, NY
12
Votes |
14
Posts
Peter Dalal
  • Rental Property Investor
  • NY, NY
Replied

Dear Dave

Good question to ask. First let me thank Chris to give clarification on actual meaning to Rubs, as many in the industry does not know it.

The fair way of billing is the combination of Occupancy data and deduction for common area usages. Each state and municipalities have set rules regarding what criteria must be used in RUBS billing methods. There are at least six basic criteria have been used in the industry.

My suggestion would be to hire an independent National company to avoid any conflicts with tenants and policing the billing.

You may want to look in to :

MultiFamily Utility Company Inc.

Corporate account:

Residential account:

They are Nation wide and genuine. [ We are not affiliated with them in any respect]. I am pretty sure that they have Connecticut operation.

Hopefully, this information may help you.

Let me know, if you may need any help.

Thanks.

Peter Dalal

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