Sub metering is a utility system that lets a landlord or building owner break down utility use. That use may be broken down by individual unit, or even by heavy use items such as HVAC equipment..
Installing a submetering system allows the manager, such as a landlord, condominium association, homeowners association, or other property management firm to bill individually for each unit's share of the utilities. Sub metering can be installed for all kinds of utilities, ranging from water submetering to gas and electric.
In the past, a property manager passed on the cost of utilities to each occupant by dividing out the monthly utility fee based on the square footage in each individual rental space.
This is not ideal. It leads to an unfair disbursement of cost.
"Installing a submetering system allows a property manager... to bill units individually for their share of the utilities. Submetering can be installed for all kinds of utilities, including water, gas, and electricity."
Although sub metering is now nationally recognized as a superior means of measuring energy consumption in a multi-use facility, some multi-unit properties still have a single meter or “master meter” that has been installed by the utility company. The master meter measures the monthly consumption of all units without breaking apart individual usage. This burdens the property owner with the task of manually splitting the bill and collecting fees.
This approach leaves property managers scratching their heads on how to split bills fairly. Without a way to split a bill based on individual usage, most property managers will split the utility bills equally, or simply divide out by square footage. This is true even if some tenants are big users while other work hard to conserve their individual usage.
This is where FlowRite Submetering can save time, money, and even energy.
FlowRite can save you time by separating electric, gas, and water usage fairly! We can even help with sewer usage and sewer costs. We will help you track utility use by consumption using individual meters helping you save money. You won’t have to spend time with complex math equations or heavy manual processes.
We are able to save you money! You won’t be required to hire resources to divide the bills and collect from each unit separately. We are also able to save energy usage simply by using the system properly. In fact, Habitat magazine reports that, based on studies by the New York State Energy Research and Development Authority (NYSERDA), you can save on electric usage through sub metering.
“NYSERDA estimates that residents, when paying for their own electricity via submetering, use between 15 and 30 percent less electricity."Source
FlowRite Submetering is your utilities management solution! With us, you will see a huge positive impact on your tenants, your business, and possibly your sanity. It doesn't matter what kind of commercial structure you own. We can help you with apartment buildings, Using our services will introduce a fair utility billing service with efficient collection of utility fees. This enables a win-win scenario that results in long-term savings benefits for everyone, plus less stress and lower costs for the property management team.
FlowRite Installation experts will go to the multi-tenant facility and provide discreet, high-quality installation of all submetering components for each unit or sub-metered location. Our experts only use the highest-quality and most reliable equipment from the leading manufacturers of utility metering and electronic data collection components. Our equipment is highly automated. It requires a minimum amount of effort on the part of the property manager. We can supply cutting-edge wireless technology that makes meter reading fast and easy. Property managers who aren’t bogged down with complicated utility bills and worries about utility management have more time to dedicate to their many other roles.
Let’s look at a simple scenario of how submetering can change your utility distribution process for the better:
Tenant A has temperature sensitive computer servers that must be cooled around the clock. If the servers heat above a specified temperature, important data could be lost. Before submetering is installed, the cost of this continual cooling is passed on to Tenants B, C and D in the building. Even though these tenants use very little utilities outside of business hours, the cost has nonetheless been passed to them based on square footage rather than usage.
Submetering is installed. Now, the utility cost for Tenants B, C, and D goes down considerably, and tenant A receives a bill noting their exact energy expenditure. Now all of the tenants know exactly how much energy they are using. Tenants B, C, and D are happy to see their bills have come do
The benefits don’t stop there! Tenant A decides that they will make purchases or adjustments that will allow them to begin using less energy over time. In addition, Tenants B, C and D decide they’d like to use less energy, too. The bill has been more fairly divided, the tenants have reduced their personal energy consumption, and the property owner has time available to deal with other issues. Everyone benefits, even Mother Nature!
Submetering has traditionally been a challenging process for owners of multi-tenant properties. Older equipment was not automated. It required a highly manual process. Landlords would be responsible for reading each meter and performing calculations to arrive at fees for the tenants. When tenants received bills that were overages, it could become a game of hot potato on who was responsible for creating the error and fixing it. This led to dissatisfied tenants and loop of error and inefficiency.
Managing the utilities for a property is only one of the many roles a landlord must perform, however, it can take a ton of time and energy if the best equipment and services have not been put into place. For landlords or owners who are responsible for multiple properties, the cost and time it takes to handle utilities at multiple sites can be enormous. Having one single provider for submetering installation, maintenance and reading can simplify the process immensely, leaving time for the many other hats a property owner must wear. FlowRite Submetering will simplify your utility process, saving you time and creating greater efficiency.
There are many monthly operating expenses involved in multi-tenant facilities. However, most of the time there is none so great as utility expenses. Utility costs continue to rise, making matters worse. More and more property managers are turning to utility submetering for its many benefits. These include:
Flow Rite Metering has over 14 years experience in submetering throughout the United States. We offer the most best, most updated equipment. Record keeping is fully digital and does not require the landlord or owner to perform extensive manual readings. The amount of time saved by the property manager or owner is significant, and it multiplies over the years. What was once a heavily manual process is simplified. Simplicity is the friend to efficiency!