Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Charlotte Real Estate Forum
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 almost 6 years ago on . Most recent reply

User Stats

336
Posts
198
Votes
Josh Stack
  • Investor
  • Cramerton, NC
198
Votes |
336
Posts

Implementation of RUBS in Gastonia

Josh Stack
  • Investor
  • Cramerton, NC
Posted

Does anyone have experience implementing RUBS in Gastonia or even Gaston County?  If no one in this area, has anyone done it with success in Charlotte, North Carolina?

Have you done it successfully?  Any specific challenges in getting the bill back up and running or tenants rolled over into the new program?

Most Popular Reply

Account Closed
  • Investor
  • New York, NY
118
Votes |
105
Posts
Account Closed
  • Investor
  • New York, NY
Replied

Hi @Josh Stack,   RUBS is not allowed in North Carolina so you'll need to sub-meter the property.  On average we've spent around $200 per unit to submeter our units in Charlotte and Gastonia.   Not all properties are immediate candidates for sub-metering.  For example, we have a large apartment complex under contract where we won't be able to submeter because the units don't have individual shut-off valves for the water.  We are working on an alternate solution but it will require re-doing a lot of the plumbing, a venture that is very costly but if done right will save us $$$.

Sub-metering the property is only step one.  Step two is the implementation.  We've taken the approach of doing the installation and only clawing back water costs when we renew the lease or on new leases.  Depending on the size of the property this could mean that it will take up to a year to implement across the property.     

In terms of savings, you need to look at the water bills and determine how much of what you're paying today is water vs. sewer charges.   Changes are that you can claw back 80% of your water expenses, but sewer expenses may not be that easy. 

Reach out to Guardian Water & Power.  That's the company we've used and are very happy with their level of service.  

Hope this helps!

Loading replies...