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A THREE-PHASE GUIDE TO BIMPLEMENTING UTILITY BILLING
Contributed by the Team at LIVABLE
some of the things you need to be aware of when it comes to billing your tenants for utilities.
Great news! If you’ve decided to start billing number of things that property owners and property your tenants for their utility use, you’re not only managers need to be aware of ahead of time to making them financially accountable for their utility ensure that the transition to billing goes smoothly.
illing residents for water and other sustainability challenges. Scaling back water and utilities has benefits! Property owners energy use is great for the environment, but it’s not can offset their expenses while easy to get people motivated to do that. encouraging conservation. Here are
use, you’re also making them environmentally accountable. Public concern about global warming exceeds 50% among most demographic subgroups of Americans, according to Gallup. People are growing increasingly concerned about the environment, and increasingly interested in ways that they can help. In a 2021 Mastercard survey, 85% of people said that they were willing to take personal action to combat environmental and
Keep reading for a quick overview.
BEFORE YOU CHOOSE YOUR UTILITY BILLING SYSTEM: CAREFULLY CONSIDER YOUR OPTIONS
You need to figure out which utility billing method works best for your multifamily property. Is retrofitting a submeter in each of your units the
When residents are responsible for their utility bills, they tend to use utilities more responsibly. Billing your residents can provide them with the extra incentive that they need to conserve. There are a
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