Apartment Property Managers Focus On Water Conservation Through Sub-Metering
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Apartment Managers Boost Water Conservation with Sub-Metering
Summary
Water conservation is a rising focus among municipalities and the multi-family apartment industry. A study by the National Multiple Family Submetering and Allocation Billing Program highlights that billing residents separately for water, rather than including it in rent, can reduce annual water consumption by up to 15%.Body
Water conservation has become a significant trend in municipalities, townships, and particularly within the multi-family apartment sector. A comprehensive three-year study by the National Multiple Family Submetering and Allocation Billing Program indicates that if residents pay directly for their water usage, rather than having it bundled into rent, they are likely to reduce their consumption by an average of 15%. This finding underscores the well-known principle: people tend to value what they pay for.
By making residents financially accountable, water sub-metering not only encourages reduced usage but also prompts more timely reporting of plumbing leaks. A well-executed utility billing program can unite a diverse group of stakeholders, including water companies, regulators, conservation groups, property management firms, and apartment owners.
American Accounting and Billing Service (AABS), a nationwide utility billing company known for its competitive fees and excellent customer service, outlines several reasons why apartment owners and managers should adopt automated meter reading (AMR) water systems.
Sub-metering provides a fair allocation of a property's water and sewer costs, leading to increased tenant satisfaction. According to the USEPA, tenants billed for actual water usage can manage consumption more effectively, thus reducing their utility expenses and overall water use by as much as 8,000 gallons per unit annually.
Additionally, as utility rates rise, sometimes doubling in certain regions, a water sub-metering system protects property owners from escalating costs. This approach can immediately enhance the Net Operating Income (NOI) since funds previously set aside for utilities can be redirected towards maintenance or renovations, further increasing property value.
These improvements do not burden the property’s staff or require monthly visits from utility meter readers, as a third-party billing service manages the process. Implementing such a program not only conserves water and energy but also contributes positively to environmental protection.
“Our growth over the past five years highlights the growing realization among property owners that water and sewer costs can be managed with an effective third-party billing system,” says Sam Kordares, President of AABS. “We are now extending this water conservation strategy through sub-metering to engage municipalities and townships,” Kordares adds. Taking responsibility for individual water usage is a crucial step in preserving one of Earth's most precious resources.
Overall, the adoption of water sub-metering in apartments represents a strategic move towards sustainable water management, offering financial, environmental, and operational benefits.
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