Submetering is the most accurate and widely used method of recovering variable utility costs at multifamily properties. It is a proven, cost effective, and easy to implement method to recover water, electric, and gas expenses. Properties benefit from reduced variable utility costs, improved net operating income, and increased property value.
Submetering is a means to individually bill and recover costs associated with utility usage in multi-tenant commercial and residential properties. Not only can property owners recover their utility costs, but studies have shown a significant reduction in wasteful utility consumption by tenants who are billed for actual usage.
Inovonics’ TapWatch submetering system is compatible with a wide variety of gas, electric, and water meters providing property owners with many options for utility cost recovery.