We are going to be installing water meters under each home and am weighing billing options. We are on a well and currently water is included in lot rent but too many people take advantage of it leaving their sprinklers running all night, inside faucets running full blast during the winter so their pipes won’t freeze, etc.
How do you bill?? Do you determine a per gallon charge based on expenses for the prior month, prior year, prior quarter or something else? Do you bill for every gallon used or include a base amount in lot rent and tier the billing for usage over and above? Do you offer credits in the summer for lawn watering?
I want to make sure I’m fair to my tenants but don’t want to screw myself. Thanks!