Most multifamily properties have some utilities that are single metered which the owner pays. The best way to increase value is to decrease expenses. With a RUB system, any single metered utility is charged back to the tenant, and you don’t have to install submeters. Using a RUBS provider can automate the utility billing process for you, dividing costs fairly among tenants. Tenants pay their bills online and you get a monthly check from the RUBS provider to cover your utilities. You can bill tenants for sewer, trash, gas, electricity, cable, internet, or landscaping. Even if the only utility is water, there is still great saving with a RUB system. USE RATIO UTILITY BILLING SYSTEM (RUBS)
IMPROVE CURB APPEAL
DIY THE BASICS
As an investor and investment real estate broker, the easiest way to add value to a rental property is simply by having pride of ownership. When renters or buyers view an asset, the curb appeal, the condition of the yard, the common areas and the basement are a direct reflection of the quality of the ownership and property. I put flower boxes on the front of my rentals so that it feels like a home; renters want to fill an application before even entering the front door. Units should be kept clean, and the quality of craftsmanship should be uniform and not a hodgepodge of different finishes, styles and colors.
I just replaced my own bathroom sink faucet and my shower hardware—on my own, with a little help from YouTube Academy. Upgrades like this, especially getting rid of unsightly calcium buildup and replacing old caulking, makes a huge and immediate difference in a bathroom—whether that’s for your home or a rental! I’m a huge advocate for DIY on the basics, and I’ve received so much positive feedback from other women who now feel empowered to try it for themselves. I highly recommend it for investors and the average homeowner alike for increased appeal and value, as well as for the overall feeling of satisfaction.
USING A RUBS PROVIDER CAN AUTOMATE THE UTILITY BILLING PROCESS FOR YOU.
I PUT FLOWER BOXES ON THE FRONT OF MY RENTALS SO THAT IT FEELS LIKE A HOME.
I’M A HUGE ADVOCATE FOR DIY ON THE BASICS.
Cassie Wells KW Commercial Little Rock, AK Connect with Cassie
Lisa Cozzi Berkshire Hathaway Home Services Hartford, CT Connect with Lisa
Destiny Roxas Big Block Realty San Diego, CA Connect with Destiny
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