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It may be hard to believe, but wintertime is upon us again! Is your multifamily property plagued by high heating bills during colder months?

Taking steps to prepare your property for cooler weather can help to greatly reduce utility costs! Check out our top tips for cold weather preparation below: […]

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Rubber stamping electric bills is a secret no one wants to talk about; not you, not the company you work for, and certainly not the utility company who bills you!

Electric bills can seem mind boggling when your area of expertise is managing buildings versus kWh and demand fees. You need answers now and utility companies are usually as illuminating as a blown generator. Understanding the anatomy of a bill sheds visibility on why your expenses are in or out of line with your budget. […]

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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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