Many residential and commercial property owners, particular on those with large properties and multiple tenants, often never realized the complicated issues of being a landlord.
Not only is there a need to ensure tenants are happy, but it is essential to find ways to fairly and equitably share the costs of operating the space, including the costs of water and other utilities.
Finding a way to share these costs that doesn’t leave the property owner with the bill but also doesn’t drive away tenants can be a problem. This is where water management companies with state-of-the-art utility billing solutions can be a real asset.
The Issues
Often the concern from a tenant’s perspective is the fair allocation of the bill. They may be effective at limiting water usage and using water conservation practices, but they see the business next door or the people in the next condo using water all the time and to excess.
This creates stress for the tenants as well as for the landlord. However, there are utility billing solutions offered by water management services that can easily solve the problem.
Submetering
Submetering is not a new concept, but it is one that is increasingly used in multifamily residential buildings as well as across commercial settings. Each unit has a meter and is billed directly for the amount of water used.
This allows the tenant who is conserving water to pay a low price, while the company or individual using more water will pay more. The benefit is that the practices for water use can change, creating more water conservation practices to help in keeping bills low for individuals or businesses.
In addition to installing the submeters, water management services can also provide complete utility billing solutions. This means online billing and payment processing, allowing you to concentrate on your business.