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Utility cost-recovery is essential to a property owner’s bottom line, even a simple mistake in your billing system can end up costing thousands. Here are the five most common utility billing errors owners make and how to fix them.

1. USING THE WRONG SUBMETER SUPPLIER

Submeters work by sending out pulses that represent the amount of utility consumed. You must obtain the raw read from the meter in order to determine the true consumption of a unit. To acquire genuine gallon amounts, multiply by the pulse multipliers.

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. 

At Livable we provide utility management and cost recovery solutions for commercial and residential properties. Although you can't regulate the rates, you can take steps to keep costs at a minimum. In the fall of 2020, over 7 million in California were filing jobless claims since businesses began closing in March, many moved in with loved ones to save money or left the state altogether.

At Livable we provide a Ratio Utility Billing System designed to help reduce your environmental footprint while generating revenue for your property. You may have started a conservation program in your properties, let the Livable team further your savings and teach you new and improved ways to save. 

At Livable, our livelihood is power and utilities, so, of course, we are big on how conservation and the wise use of our resources can counteract worrisome trends such as climate change. This global phenomenon has already impacted us in California with the now-continuous threat of drought and wildfires and will only get worse if we don’t make energy conservation a priority. 

At Livable we are committed to promoting conservation through billing and education and make sure to keep up to date on all power and utility options.