Property managers juggle a million tasks. From rent collection to tenant relations, maintenance coordination to data analytics… the list goes on. Add to that, trying to keep operational costs under control, and you’ve got a heck of a balancing act! If it feels like you’re in the circus of utility management, stay tuned because we have the game changer for you!
The Game Changer – Submetering
Submetering isn’t new technology, but it is a proven and effective way to gain control of utilities on your property. Submetering involves installing individual meters on each unit within a property, and billing based on actual usage instead of estimated totals.
Optimize Operations
Looking for the benefits? Look no further! For property managers, submetering goes far beyond tracking water usage. It offers:
- Identify Usage Patterns – Submetering delivers accurate and reliable data, revealing potential inefficiencies (i.e. faulty appliances) and promoting responsible consumption habits.
- Budget Smarter with Data – Historical data empowers property managers with valuable insights for informed decision making, taking issues like seasonal fluctuations and resident demographics, into account.
- Reduced Admin Burden – Automating meter readings eliminates manual processes, saving time on billing-related tasks.
- Tenant Accountability – Seeing a direct correlation between their actions and utility bill, tenants are more likely to adopt better conservation practices, leading to a reduction in overall building consumption.
- Accurate & Fair Billing – Tenants appreciate transparency and fair billing practices based on actual usage. This fosters trust and strengthens relationships.
Mystery Leaks Uncovered
Identifying spikes in usage is a guessing game with traditional billing. Sure you will see a surge, but where is it coming from? Who is responsible? Now you are left scrambling for answers from tenants who want to know why their bill increased.
Submetering eliminates the guesswork. It directly pinpoints leaks, leading to:
- Reduced Repair Costs – Catch leaks early before they cause major damage.
- Minimized Water Waste: Encourage responsible water use and promote sustainability.
- Happier Tenants: Avoid inconveniences caused by undetected leaks and disruptions.
Submetering goes far beyond just leak detection. It becomes a powerful tool for better budgeting and resource management, providing detailed data that through several key functionalities:
- Identifying High-Consumption Areas – Submetering data can reveal units with consistently high consumption. This could indicate inefficient appliances, faulty plumbing, or even unauthorized water usage. Property managers can then investigate these units and implement targeted solutions like appliance upgrades, leak repairs, or resident education campaigns.
- Historical Usage Analysis – Submetering provides historical data on water and energy consumption for each unit. By analyzing past trends, property managers can create more accurate utility budgets. This takes into account seasonal fluctuation, resident demographics or changes in occupancy. Use this data to tailor proactive solutions to meet your needs.
- Promoting Sustainability – Providing tenants with real-time data on their resource consumption, helps them become more aware of their impact and are incentivized to make changes like taking shorter showers or turning off lights when not in use. This translates to overall lower utility costs for the property and a reduced environmental footprint.
- Budgeting For Maintenance – Submetering data can help predict future maintenance needs. Spikes could indicate faulty pipes or fixtures. Identifying problems early on helps to proactively budget for replacements or repairs.
Submetering empowers property managers with data-driven insights. This allows for more accurate budgeting, targeted resource management, cost allocation based on fairness, and proactive maintenance planning. It also encourages residents to become more responsible consumers, leading to a more sustainable and cost-effective operation.
Ready to take control of your utilities and unlock the power of submetering? Contact WaterSystems today! We offer a comprehensive range of submetering solutions designed to meet your specific needs. Let’s keep the lights on and the bills down together!
