Utility Cost Recovery
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Are rising water & sewer rates squeezing your net income? Want a reliable way to recover 70% of your costs while keeping your base rents competitive? Leave it to the experts. We can help!
Greenworks Utility Billing implements utilty cost recovery programs for apartment property owners by directly billing tenants for the cost of water, wastewater/sewer and trash removal. Billing methods include RUBs and submetering. By making residents more aware of usage, cost recovery programs encourage water conservation and increased recycling.
With program implementation your property's water & sewer costs can be reduced due to conservation by residents.
Increase net operating income
Decreased costs from conservation plus, new income from the recovered costs significantly improves your propertyâ€™s net operating income (NOI).
Increase property value
The resulting increased net operating income increases your apartment propertyâ€™s overall value.
Keep base rents competitive
Direct billing relieves the upward pressure that escalating utility rates place on rents. By separating out utility costs , you can keep your base rents competitive while adding income to your bottom line.
Studies demonstrate that direct billing residents for master-metered utility usage encourages conservation by making residents aware of increasing costs, and giving them an incentive to conserve. Using a ratio utility billing (RUBs) method has been shown to reduce water usage by 5% to 27%.
Greenworks Utility Billing