Many states exempt sales tax on utilities for multifamily properties. Check with your Department of Revenue to confirm the exemption. If your property is exempt and your property is currently paying sales tax you may file for the exemption to be effective at the next billing cycle. This could save 5% of your water/sewer expense. …
Category: Submeter
LED Lighting increases Asset Values
LED lighting can save you 60-80% on your lighting energy costs at a property. This will lead to higher NOI and can significantly increase the value of your asset. However, as this article points out, owners must effectively manage the process and may benefit from partnering with a professional LED installer. https://naahq.org/news-publications/units/january-2017/article/shedding-light-led-retrofits Professional LED installers…
Submetering: A Proven Conservation Measure
If your property currently includes water and sewer in the rent or uses a flat-fee billing, one of the best conservations measures available is to implement either a RUBS or submeter billing program. Studies and experience has shown that residents will conserve water when presented with an individual bill. You can expect savings of 15-30%…
When Your Solar Needs a Net: Solar Net Metering
People often wonder if it’s possible to put a solar panel on a property that actually makes the energy meter “spin backwards” and make money on a solar system. Some states let you do this and some do not. The hyperlink below is to a website that I found recently giving you the “where and…