looking for advice on introducing RUBS

[Andrew R.]

We are in the process of purchasing a multi-family home, and will needs to implement RUBS to ensure a profit.  We will split water and electric (used for common area lighting and water heater only) based on occupancy.  We plan to take on 15% of the water bill and 30% of the electric, and split the rest of the cost based on occupancy (# of people and days rented).  This all falls within legal limits in Virginia, as long as it is written into the lease.  One unit is currently vacant, and the other two will have new leases coming up in the next few months.  We are looking for a letter of some sort explaining the process and benefits (better than raising rent, environmentally friendly, simple billing as payment adds to next rent rather than 3rd party) We would like to replace faucets/showers/toilets with low flow options to help curbs costs as well. Would love to hear how you have implemented RUBS, if there is another formula you swear by, or any concerns in the process.  THANKS!