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Multi-Family and Apartment Investing

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Nik S.
  • Ohio
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NEED HELP!! ASAP! WATER ISSUE AT APARTMENT BUILDING! PLEASE!

Nik S.
  • Ohio
Posted Nov 12 2014, 12:21

Hi everyone! I am in a big jam, here's my situation....

One of my recent aquistions was a 12 unit apartment building. After the 1st month, I received an astronomical high water bill/sewer. Where I purchased this building, the water bill can be $300 and the sewer bill is $900 (EPA mandates blah blah).... The building was trending between 27-55 CF's per month.. Since I received the more than double bill, I had the PM schedule a unit inspection the next day to check for water leaks. The guys found nothing major, few leaky showers and/or faucets/toilets.....nothing major. The next bill I received was 122 cf's. This month just read @ 145 cf's....

Besides all the money I'm spending on these high water bills eating profits, I CAN'T FIND ANY LEAKS!

I am lost what to do....I have checked all units, no one has complained about water issues or leaks from above units etc.

I feel helpless and a bit worried as to what to do. The only thing I changed/upgraded was putting in NEW washer/dryers which are MUCH more efficient than the last ones.

Can anyone please advise me as this problem is constant and I have no clue what to do.

The water is entering my building therefore being metered. My usage of water has now tripled in comparison the buildings last 1 year usage.

Any suggestions/help/advice would be greatly appreciated.

The building is located in Akron, Ohio

Thank you.

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