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This is the second in a series of short utility budget hack articles. Having completed your rate
increase research*, now you’re ready to scrub out any potential anomalies from the past year
that might skew your utility budget.

Utilities can easily overwhelm the most hardened budget writer. Here’s a straightforward, stepby-step
method that to help you deliver a thoughtful, well-written utility budget. […]

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Researching rate increases can be confusing and overwhelming even to hardened experts, especially if you need to do this for multiple sites. Here’s my strategy to make sure I get as close as possible to the right answer. […]

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WaterWatch Corporation is pleased to share that we have recently signed-on to provide utility billing services for two, 300+ unit, new construction multifamily properties located in Forth Worth, TX.

WaterWatch will oversee the installation of the water submeters and the wireless submetering system, as well as manage ongoing utility billing services for the property. […]

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I’ve written thousands of utility budgets for water/waste water, electric, and gas during my career in the utility management business. First, I wrote them on the multifamily side for a large REIT and then later on the vendor service side. I’ve narrowed it down to a concise, meaningful process that’s proven to be successful for my clients over the years and I’d like to share that method with you. […]

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WaterWatch Corporation is pleased to share that we recently signed-on to provide utility billing services for two, 250+ unit, new construction multifamily properties located in Indianapolis, Indiana.

WaterWatch will oversee the installation of the water submeters and the wireless submetering system, as well as manage ongoing utility billing services for the property.

We are thrilled to increase our presence in the Indianapolis metro area and look forward to further educating multifamily properties in this region on the many benefits of utility submetering! […]

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WaterWatch Corporation is pleased to share that we recently signed-on to provide utility billing services for a 150+ unit, new construction multifamily property located in Quincy, Massachusetts. WaterWatch will oversee the installation of the water submeters and the wireless submetering system, as well as manage ongoing utility billing services for the property. […]

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When considering the idea of utility submetering an operational building, the thought of the steps required can often seem overwhelming and may cause you to continually low prioritize what should be a first consideration.

You may get lost in the questions: “How do I find the right solution? Where do I find a qualified subcontractor? How do I handle the intrusion into residents’ apartments? Leases? Will I lose market rent value? How can I afford to do it?” No wonder many owners and managers pass over the idea as too insurmountable to tackle. However, is leaving an average of 5-6% NOI on the table really an option?

According to the EIA, the average monthly cost for an apartment’s electricity usage is approximately $113 per month or $1,356 annually. For a 250-unit community, that means an annual expense of $339,000. What would happen to your bottom line if you could recoup up to 70% to 85% of this revenue?

Let’s address the common fear of market rents dropping if you introduce charging electricity. Ignoring the fact that the trend of charging electric is extremely common, in addition to landing market rents, how much would the rent increase compare to electric reimbursement revenue? […]

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We’re pleased to share that former Minol USA Executive Kate Forsyth has joined the WaterWatch Corporation team as our new National Sales Executive.

nullForsyth is a leading sales executive and has previously served as the Northeastern Sales Representative and Energy Management Executive for WaterWatch competitor Minol USA.

She additionally has 20+ years of experience working for AvalonBay Communities, Inc., a major multifamily developer, as their Utility Asset Manager.

In her new position, Kate will be responsible for shaping and implementing our WaterWatch sales agenda across all company platforms, reporting directly to WaterWatch President and CEO Todd Quarterman. […]

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WaterWatch Corporation is pleased to share that we recently signed-on to provide the utility billing services for 100+ unit, new construction multifamily property in Brooklyn, NY! WaterWatch will oversee the installation of the water submeters and the wireless submetering systems, as well as manage ongoing utility billing services for the property.

We look forward to expanding our presence in the New York City metro area and educating even more multifamily property owners on the financial and environmental benefits of utility submetering. […]

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Ratio utility billing (RUBS) is the practice of allocating a municipal utility bill across a multifamily, commercial, condominium, or manufactured home community based on variables such as the number of occupants and square footage of the unit. RUBS can be implemented for almost all utilities including water, wastewater, electric, gas, and trash.  […]

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