More than 6 million Southern California residents will be affected by water restrictions which have taken effect on Wednesday, June 1. That means many of us will have to limit outdoor watering to one day a week. In L.A, it'll be two days a week.
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Livable Content Team
As temperatures continue to rise, staying cool this summer means an increase on your utility bills. While the rising heat impacts financial and environmental factors, there are habits you and your Residents can apply to your daily summer living to reduce those financial and environmental impacts. By following these simple summer energy-saving tips, you and your Residents can keep the temperature, and your budget, well within your comfort zone.
Utility cost recovery is critical to maximizing a multifamily property’s NOI. Non-payments (and late payments) impact cash flow and the homeowner or property manager’s ability to properly budget.
In a world of softening rental markets and rising utilities, utility cost recovery is essential to your bottom line! Even a simple mistake in your billing system can end up costing thousands. Avoid these four common utility billing errors to keep your investments healthy.
Rent control refers to legislation restricting rental rates in a city or state. The maximum rent that can be charged for a unit and the amount that the rent can be increased per year varies per municipality. Cities use rent control laws to regulate the housing market.
What is a Ratio Utility Billing System? (RUBS)
Simply put, RUBS divides utility bills among residents of a property based on predetermined criteria. A cost-effective solution for property owners to recoup expenditures while also proportionately sharing conservation responsibility with residents in a fair and acceptable manner. Beyond the financial benefits, conserving the Earth's natural resources is in our collective interest.
Utility costs, especially energy and water, keep rising. As a Housing Provider, you want to recover the costs you can, especially in a market of softening rents. When you can't increase rent to cover those rising utilities, billing Residents for them can help boost your Net Operating Income for a healthier financial pictures. Livable's innovative Ratio Utility Billing System can help!
The benefits of consuming less and conserving more
At Livable, we know that energy conservation contributes to our goal of saving the environment and saving apartment owners money.
