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Can I have residents pay me directly while using Livable to do my billing allocations? Yes, your residents can pay you and then you will update the ledger in your Livable Pro dashboard to make sure accounts are current. You will pay the same fee as if they paid Livable, but you can pass that on to your residents as a defensible fee.
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How do you calculate fees for each utility?
We have a shared, common area laundry that our residents pay to use. How would this be figured into RUBS? That depends… it may be calculated off simple square footage, or it can be calculated on occupancy (all residents, not just adults), in-unit amenities and other factors. Since you’re already recovering the costs of water and electricity when residents pay to use the machines, it’s unlikely that this could be considered a defensible fee. It could be double billing. Definitely ask your local attorney before beginning to include fees for this water with RUBS.
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RATIO UTILITY BILLING CAN BE A BOON TO HOUSING PROVIDERS.
Ratio Utility Billing can be a boon to housing providers, especially in a landscape of rapidly rising utility costs. Get started as soon as possible before laws change and prohibit you from holding your residents accountable for their utility consumption, fairly and transparently.
DANIEL SHARABI CEO & Co-founder Livable
Daniel Sharabi is the CEO & Co-founder of Livable, a utility management company with software solutions designed to save money, as well as the environment. Daniel’s immersive experience working within a multitude of sectors in Silicon Valley offers a homegrown advantage in his vision of leveraging technology to provide benefits for all: the property owner, property manager, the tenants, and our environment. To find out what Livable can do for your property check out livable.com or call 877-789-6027.
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