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!
Whether your property has multiple units varying in size, retail space, and/or common areas, Livable can customize allocation factors and billing frequency for your unique property and accurate billing to each Livable resident.
Inflation, the war in Ukraine, unprecedented levels of drought and more have combined to keep utility costs rising. Housing Providers like you are affected directly by these increases, so it may become hard to hang on, and tempting to sell, as utilities continue to escalate. Before taking drastic measures, consider utility recovery through Livable!
“One of the easiest ways to mitigate much of the utility burden and help residents be more mindful of their energy consumption is by implementing a Ratio Utility Billing System” - Mark Ventre - Steep Commercial
At Livable we stand behind this claim. For property owners still responsible for paying for their residents’ utility bills the upward trends can be overwhelming.
According to the U.S. Energy Information Administration, all utilities including electric, gas and water rates are rising each year and property owners in many cities contend with aging systems, fewer resources and extreme weather.
Did you know that even buildings with individual meters for gas and electricity often have a master meter for water? This is often the costliest of all utilities and is paid by the owner.
Combat rising utility costs by being proactive and creative. RUBS is an easy way to make residents responsible. We all To learn how simple it is to get started, set up a call with a Livable professional today.