Why Submetering Water Makes Sense
Increase Net Operating Income
When costs are incurred by the property owner it affects both the investor’s cashflow and the property’s net operating income (NOI) in a negative way. By passing water costs to the tenants, it leaves more money in your pocket every month and increases the value of your investment as operating expenses decrease, the NOI increases. Building values are largely based on NOI and the greater you NOI, the more valuable your asset becomes.
"We have been using water sub meters from Water Bill Solutions for the past few years and have used them in many of our units. Separating the utilites and having tenants responsible for them has always been an important part of duplex and triplex conversion process. But beforewe found Water Bill Solutions, we were struggling to figure out the best way to handle the water bills. We heard about Water Bill Solutions through a podcast and another investor and decided to reach out to learn more and we were super happy to find such a great solution.
Dan is incredibly responsive to any questions we have or any requests for new meters. All it takes is a simple email and we have the meters delivered on site within a few days. When the water bill comes in, it takes minutes for me to remotely access the reads for the meters and get the water invoices sent off to the tenants. We are so happy to have found Water Bill Solutions and look forward to continuing to utilize their products in our rentals!"
What Water Sub Meter Equipment Do You Need?
This set up is for a two unit property. Systems can be setup for larger properties up to 50 units and beyond.
Please reach out if you have questions.