From two-tenant to 20-tenant properties, there is an ongoing battle about water in nearly every location. One apartment says they are overpaying for water while another has no idea how much they are using. In many complexes, the water bill is divided among each of the residents equally. It seems fair this way if all of the apartments are occupied by the same number of people with the same habits. That’s rarely the case though. To hedge against this type of frustration, property owners should consider the benefits of metering. When you install water meter systems in place, you reduce many of the risks of overpayment by some tenants.
How It Works
Once you install water meter systems in place, the meters collect information about each of the tenants’ uses. That is, it does not spy on them, but rather it monitors the amount of water being used within each location. It does not take a significant amount of renovation or changes to the layout of your utilities for these systems to work. However, they can be very accurate.
Once they provide you with information about how much water each of your tenants is using, you can then divide your facility’s water bill based on the percentage of use each tenant has. You can also hire a billing service to do this for you. The end result is that each tenant pays for just the amount of water he or she used within their unit. That’s fair.
When you install water meter monitor systems like this, you embrace an opportunity. You finally can stop the bickering about the bill with each of your tenants. And, those who really do owe more are paying it. It also helps minimize your out of pocket costs for water usage.