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All Forum Posts by: Chris Roberts

Chris Roberts has started 3 posts and replied 32 times.

Post: Is RUBS worth a good idea? Central California Apartment

Chris Roberts
Pro Member
Posted
  • Specialist
  • Salt Lake City, UT
  • Posts 32
  • Votes 6

@Austin N.

Sorry, I am late to the game: 

Section (a): ..."the master-meter customer shall charge each user of the service at the same rate that would be appicable if the user were receiving gas or electricity, or both, directly from the gas or electrical cooperation." 

The only way to bill the tenant at the "same rate" as if they had their own electric or gas account would be to install submeters and use submetered billing using "Utility Rates" as the methodology. Therefore, RUBs (Ratio Utility Billing System) is not allowed since it does not use actual consumption and instead uses a variable such as; occupants, square footage, etc to calculate charges.

For background, this is what I do for my career with California being one of my primary markets. PM me if there are any other questions I can help with. 

Post: Ratio Utility Billing System (RUBS)

Chris Roberts
Pro Member
Posted
  • Specialist
  • Salt Lake City, UT
  • Posts 32
  • Votes 6
Quote from @Gulliver R.:

@Chris Roberts

Do you mean that if I'm going to apply the RUBS system in my community and charge something like $67/mo per tenant that I have to disclose a monthly break down of the total water/sewer bill divided by the number of tenants?

Just some background: I have a MHP that is fully metered for the water/sewer and we bill back the water/sewer bills for our tenants. We have all the right wording in the rental agreements for it. Been doing this for years. But I'm thinking about using RUBS instead because it just sounds easier and cheaper.

 If you have been doing it for years, then by no means am I saying to change your process. Our in-house legal team would say that it would be against Oregon regulations if you did not include; list of all utilities included in the expense, breakdown of each utility and the method being used to bill, outline if common areas are included, and include the provider name with the calculations they are using to bill the community. Then the cherry on top is the message telling tenants that they have the right to inspect provider bills. 

For some prespective, if a prospect client denies adding these items, we will not take on the community because how strongly our Legal team believes that it is against regulations. 

@Gulliver R. - my specialty is multifamily though. I am not familiar with the nuances of MHPs and if this same rule applies. In most states, Commercial, HOAs, and military housing have different regulations that can be clearly identified. MHPs usually fall into a gray area between HOA and Multifamily in most states. As a company though, we consider them MF because we'd rather err on the side of caution and MF is typically the most regulated market.

Post: Short Term Rentals near Nashville

Chris Roberts
Pro Member
Posted
  • Specialist
  • Salt Lake City, UT
  • Posts 32
  • Votes 6

Hey Nicholas, our STR PM is a rockstar in Nashville. I would check out their website to see if they have anything available.

https://www.harleyshomesnashvi...

Post: Recommendations - Short Term Rental Property Management

Chris Roberts
Pro Member
Posted
  • Specialist
  • Salt Lake City, UT
  • Posts 32
  • Votes 6

We are closing on a property meant exclusively for STR in 2 weeks. We found a great STR manager in Nashville as well. I HIGHLY recommend checking your zoning before getting too deep into your research. If you are zoned in any of the "RMs", then you have till January 2022 before they will no longer cut a permit for those zones and from my understanding the permitting process will take roughly 60 days (they are backlogged/busy right now).

If you need help figuring out your zoning, feel free to reach out. 

Post: Need help with RUBS (Ratio Utility Billing System)

Chris Roberts
Pro Member
Posted
  • Specialist
  • Salt Lake City, UT
  • Posts 32
  • Votes 6

Hey Carlos, feel free to shoot me a PM. I would be happy to help. 

    Post: INVESTORS Recommendation on RUBS for Gas Metering in New Jersey

    Chris Roberts
    Pro Member
    Posted
    • Specialist
    • Salt Lake City, UT
    • Posts 32
    • Votes 6

    Hi @Yonia B.

    The short answer is that it is possible, but you do need to go through an approval process through the NJ Board of Public Utilities before you can start billing the residents for gas. 

    If you google "Landlord RUBs billing in New Jersey" it will pull up past tenant/landlord lawsuits where the landlord did not register with the Board of Public Utilities. 

    Post: Multi Family Water bill

    Chris Roberts
    Pro Member
    Posted
    • Specialist
    • Salt Lake City, UT
    • Posts 32
    • Votes 6

    Where is the property located? City,state,zip?

    Post: NEWBIE HERE, ready to learn and meet new people.

    Chris Roberts
    Pro Member
    Posted
    • Specialist
    • Salt Lake City, UT
    • Posts 32
    • Votes 6

    Congratulations! My recommendation is to search the forums for others doing rehabs in your area or SLC to see if they have suggestions for any subs. I know a few roofing companies in Utah through family friends if you still need suggestions. 

    Did you find this deal on the MLS or off market?

    Post: First Post - Hey BP!

    Chris Roberts
    Pro Member
    Posted
    • Specialist
    • Salt Lake City, UT
    • Posts 32
    • Votes 6

    Welcome to BP! I lived in Logan, UT when I first joined BP and if you go back to my first post (I cannot for the life of me figure out how), you'll be able to see the REIA meetings in and around Cache Valley suggested by others.

    My advice for Logan, UT would be to contact "for rent" and see if they would be willing to sell and reach out to neglected homes especially around The Island and toward 1000 N. I feel like Logan prices are pretty high for what you are getting and inventory is ridiculously low at the moment, so finding off market opportunities are your best bet. 

    Post: Strategies for offsetting water bill to tenants multifamily

    Chris Roberts
    Pro Member
    Posted
    • Specialist
    • Salt Lake City, UT
    • Posts 32
    • Votes 6

    Not necessarily. I don’t know if it has a direct correlation with the growing “young professional” demographic but I think many people would be surprised on how many 1 occupant tenants there are renting larger units or 2 bedrooms units to serve as an office.