HOW TO RECOUP COSTS “We know housing providers are stressed by the shift in the economy,” says Daniel Sharabi, CEO of Livable. “At Livable, we know that conservation education can help save those property managers on their out-of-pocket costs on utilities, while at the same time, we have innovative programs that can help them recoup much of those costs.” As a housing provider, you want to do the best you can for residents, but you have to focus on your own bottom line as well. If you’ve been paying for master-billed utilities, even just water, it’s in your best financial interest to try to recover some of those costs, especially if you can’t raise rental prices to cover them in a softening market. You could switch to individual submeters for every unit you own, but that involves pricey equipment installation, and supply chain disruptions mean it may not be an immediate solution anyway. But there is good news! Ratio Utility Billing Systems, also known as RUBS, give you the opportunity to fairly recover up to 90% of the costs for any master-billed utilities you pay in your investment properties. That can include electricity, gas, water, Wi-Fi, high-speed internet access and cable. With RUBS, you simply provide all the information about your properties and any shared amenities, and the algorithms do the rest. You can fairly and accurately share the costs among your residents based only on what they use. Not only do you recover your costs, but knowing what they are using drives residents to conserve. That’s better for their wallets - and yours - and the health of the planet!
RUBS GIVE YOU THE OPPORTUNITY TO FAIRLY RECOVER UP TO 90% OF THE COSTS FOR ANY MASTER- BILLED UTILITIES
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