Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

7
Posts
0
Votes
Austin Nelson
  • Property Manager
  • Louisville, KY
0
Votes |
7
Posts

300 unit apartment complex - High Water Bill

Austin Nelson
  • Property Manager
  • Louisville, KY
Posted

Hello,

We manage a ~300 unit apartment community in Birmingham Alabama. We purchased the property in Oct 2019 and the average water bill for previous ownership was roughly $24K per month or $90 per door. Since then, our bills are nearly 40K per month, $140 per door.

We have done leak detection 3 different times. Replaced two of the lines that had small leaks. Did water walks for the entire property 3 different times. Just can't seem to understand the issue. This issue was going on prior to covid so we don't believe it has anything to do with residents being home. The odd thing about the whole issue is that last month, our bill dropped back down to $24K but jumped back up to $40K this month.

We have hired a new leak detection company to come out just to see if the previous company missed anything but it just doesn't explain the 800K gallon different in a month time frame.


Has anyone had any issues like this in the past and what was the cause of the issue?

Loading replies...