I hope this information serves useful to somebody:
For apartments, condos and other types of multi-family residences, sub metering water is a great option and one that is essential for property managers and owners to consider.
More often than not, owners believe that the added cost of putting smart meters on every unit is not cost-effective and will not impact the quality of life for their residents, nor will it add any value to their rentals. For those owners who have made the switch, however, it’s a different story: this advanced system is highly effective and an easy way to manage utility payment in a way that is fair, manageable and protects you from sudden unexpected large bills due to leaks or heavy water users within the building.
If you’re doubting the benefits of using such system, let’s take a look at the positive effects of having individual meters on each unit, from a renters’ perspective.
With sub metering water, tenants will only be paying for the water they are using in their own apartment. This means neighbors who are heavy water users will pay more than the ones who aren’t.
Additionally, with a top system, the property manager or the owner will be able to see up-to-the-minute readings on each unit. This will allow you to develop an understanding of the actual water use in the building and perhaps to implement initiatives for residents on how to reduce water waste.
WATCH FOR LEAKS
Leaks that are undetected in the walls of units or even from different appliances, faucets or fixtures in a home or apartment can really add up. By having a good understanding of typical water use per unit, it is easy to spot high usage and follow up quickly. From a renters’ standpoint, this will encourage you to signal smaller leaks, as they will affect your water consumption cost.
From an owner’s perspective, this not only helps to reduce the cost of water, but it can also reduce the risk of significant structural damage that may occur, should leaks go undetected for long periods of time. This is also critical in making sure vacant units stay leak-free, which is always a concern if they are not checked on a daily basis.
Additionally, through sub metering water, it will be easier to bring new tenants into the building since they will have the ability to pay for their own water use. This is a key factor in many apartments searched. Having the meters in place is the first step in meeting these needs for new potential residents.