In fact it's so skewed it's setting off my BS Meter!

Would you especially recommend subdividing a larger property (a house) into studio apts. if the water and electric were still on a single meter? 

If you are stuck with the water bill due to metering issues, you could add an addendum to the lease stating that if the water bill goes above (x) that the tenant will be responsible for the additional cost.

But, if you could do the sub-metering, that would really help.  

The electric and gas meters are shared, and I would like to sub-meter the property. 

Fortunately the triplex I have is separately metered, but it wouldn't hurt to know what that is...

Is it separately metered?  

I suppose we just do business differently and our compassion meters are on different charts.  

Any (good) investor looking to purchase a multifamily building will be looking for individual meters, if not found the property is worth less.Common boilers and cooling systems are extremely easy to submeter, they have something called a BTU meter, it reads the BTUs delivered just like a gas meter.

If you only get $30 - $50 more per month, and the water bill is higher than that, you're not ahead, especially once you figure in maintenance.John, is there any way you could separately meter the water?