Latest stories on utility-bill

Save Money On Utility Bills With This Internet-enabled device

Posted by Written with love by the Livable Content Team on Feb 6, 2022 9:00:00 AM

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 Billing: The Country’s Most and Least Expensive Cities

Posted by Written with love by the Livable Content Team on Sep 2, 2021 9:00:00 AM

“At Livable, our goal has always been to help save the environment while also saving apartment owners money by making residents responsible for their utility usage. We have seen that making tenants more aware of their usage can create significant savings. But just how much those savings might be can vary greatly by location, depending on local utility rates. With that in mind, read on to find out where your city ranks in the below list of most and least expensive utility costs”  - Daniel Sharabi - CEO

 

Water 

Apartment List showed in 2021 Honolulu in the top spot with an average of just under $90, with second-place Oxnard, California coming in at $83. The West Coast dominates the list of the most expensive average water bills in the U.S. as of 2021 - San Diego took the third-most-expensive spot with $79. San Jose, Sacramento, Seattle, San Francisco, Stockton and Portland all made it into the top ten as well. In the tenth position, with an average water bill of $63 per month, Virginia Beach was the only East Coast city to break into the top ten.

 

The East Coast tended to be among the cheapest places for water bills, with Upstate New York leading the way. Albany had the least-expensive average water bill at just over $20 a month, but Syracuse, Rochester and Buffalo all had water bills under $30 a month as well.

 

Gas 

Honolulu also took first for the most-expensive gas bill and was the only city in the survey to break $90 a month for this utility. Other than that, most of the other most-expensive gas cities were in colder cities since gas bills are often an indication of high heating costs. Detroit, Buffalo, Omaha, Chicago and Boston all had average gas bills above $80 a month. 

 

Electric

Electricity was by far the biggest single bill in all markets and the only utility that didn’t seem to follow a particular geographic pattern. Birmingham, Alabama took the top spot with an average electric bill close to $200 a month. Augusta, Georgia and Memphis, Tennessee all had bills that came in around $180 a month, which we can assume is due in part to higher cooling costs in the south. Connecticut also had several cities in the top ten, because electrical transmission rates are higher in the Northeast, as are land costs for building power plants. Boise, Idaho had the lowest total average utility bill at $186.

 

Due in large part to its $184 a month average electric bill, Bridgeport, Connecticut has the highest total utility cost of any city in the U.S., coming in at a whopping $353 per month for residents there.

 

Whether you're on the West Coast, East Coast, and everywhere in between, it's always smart to separate rent from utilities! Don’t let high energy usage take you by surprise, Livable’s user-friendly Property Manager Dashboard makes it easy to see what’s happening at your building and immediately increases the value of your asset. Book a call with a Livable team member today to start saving! 

 

Come save with us!

 


 


An easy and simple change you can make in your space is to switch to energy-efficient light bulbs such as LEDs that help reduce your bills. Regular incandescent bulbs use heat instead of light to release most of their energy. The modern LED style bulbs save a lot of electricity and money over time as they are energy efficient and last ten times longer compared to regular bulbs.

How to Control Costs as Utility Rates Rise

Posted by Content Director on May 5, 2021 11:59:50 AM

Property owners nationwide should anticipate across-the-board utility increases in 2021, with some jurisdictions expected to see double-digit rate hikes. Yet there are proactive steps owners can take now to hedge against these additional expenses. 

What the Eviction Moratorium Extension Means for Owners

Posted by Written with love by the Livable Content Team on May 1, 2021 9:00:00 AM

With days to go before the end of a nationwide eviction moratorium, the Centers for Disease Control and Prevention has extended the federal order until June 30. The previous extension was due to expire at the end of March, which was already an amendment to the original end-of-January extension...

How to Hit Pause on Your Mortgage Payments

Posted by Written with love by the Livable Content Team on Apr 1, 2021 9:00:00 AM

With eviction moratoriums extended in many states, countless multifamily owners have been left at a loss about how to keep up with their own financial commitments. Luckily, the Federal Housing Finance Agency has extended multifamily property forbearance until Ju...

How the New Presidency Could Impact Your Taxes

Posted by Written with love by the Livable Content Team on Mar 1, 2021 9:00:00 AM

While campaigning for office, President Joe Biden proposed numerous tax law changes that, if enacted, would have significant impacts on the multifamily industry. The biggest potential change is the end of 1031 exchanges,... 

Investors Show Their Love for Multifamily Properties

Posted by Written with love by the Livable Content Team on Feb 1, 2021 12:27:07 PM

With retail and hospitality industries in a perpetual state of uncertainty since the global pandemic started in 2020, real estate investors have been drawn to multifamily properties. There is particular excitement about properties in areas outside of major metros, like Jacksonville. During the pandemic, these more affordable, less dense areas have become newly popular with former urbanites looking for more space and easier access to nature.

Utility Rates are Ever-Increasing

Posted by Written with love by the Livable Content Team on Jan 6, 2021 9:00:00 AM

Electricity

Nationwide, property owners should expect across-the-board ongoing utility increases, with some jurisdictions expected to see double-digit rate hikes. According to a survey from the U.S. Energy Information Administration, the residential electricity price nationwide increased just under 1% between 2020 and 2021, continuing an upward trend - rates have gone up 6% in the last decade.  

Monthly-tip

Smart saver tip of the month

Insulating water pipes is a quick and inexpensive way to lower water-heating costs. The easy upgrade reduces heat loss and allows you to lower your buildings’ water temperature setting by two to four degrees. Plus, since water doesn’t take as long to heat up, less of this precious resource is wasted waiting for faucets and showers to get to the appropriate temperature.

On smaller buildings, this is a definite DIY job that should take less than a day to complete. Check out the U.S. Department of Energy’s website for a comprehensive shopping list and step-by-step instructions.