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Updated almost 6 years ago,
Help with RUBS or RUBBS
Hi,
I own a 9 unit commercial (with two residential units) property in California and the utilities are currently paid by us as landlords. Our utilities are equating to roughly $500-$700 per month and it is taking a huge hit on our cash flow. I recently heard about RUBBS on a BP podcast and it seems like a great way to increase our cash flow even if we start by just billing back a portion of the utilities and slowly building up to 100% payback.
Can someone help explain to me how RUBBS work? I’m curious how the expenses are broken down per unit. Also, are there any recommendations for services to use? The podcast I was listening to mentioned Invoice America, but any and all recommendations would be greatly appreciated.
Thank you for your assistance!
-Molly