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Updated over 8 years ago,
Don't get hosed. Potential savings on water bills.
If your property is in an area where the water and sewer charges are billed separately and you spend a significant amount on outside watering you may be able to save some money by installing a separate meter on your sprinkler system. The water use associated with the outdoor watering may not be subject to the sewer charge. Of course, any savings will depend on the minimum charge that would be applied to the extra account throughout the year and the policies of your local water utility so check first.
Also, if you experience a break in an outside pipe (those of you in areas where pipes freeze in the winter probably know what I am referring to) the water utility may refund the portion of the bill they sent you if you ask and/or file a claim. The bill from a broken line may reach into the thousands of dollars if the water is not shut off quickly (how quickly will your tenants notify you?). The refund of the sewer charge could help significantly.