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Updated over 4 years ago on . Most recent reply

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42
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11
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Jeff R.
  • Investor
  • Virginia
11
Votes |
42
Posts

Submetering multifamily in NC

Jeff R.
  • Investor
  • Virginia
Posted

Does anyone have experience in the process of sub-metering multifamily apartments? Preferably in the Greensboro (Guilford County) NC area. 

Most Popular Reply

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2,710
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2,238
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Patti Robertson
  • Property Manager
  • Virginia Beach, VA
2,238
Votes |
2,710
Posts
Patti Robertson
  • Property Manager
  • Virginia Beach, VA
Replied

If your state allows it (Virginia does) an easy alternative to sub-metering is to  set a formula for usage and build the cost right into your lease. For example, in a multi-unit that has one water meter we charge tenants $50+$10/occupant for water.  This puts more expense on households with more people and has come very true to the actual expense. The tenant agrees to the charge in the lease, so it’s predictable for them and easy to manage for whoever does the billing. 

  • Patti Robertson
  • 7574722547

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