Sharing a resource I found. A way to separate water meters by submetering them yourself and increase your value!!!
Hello BP!! There is probably already a post on this but wanted to share it.
I was doing some research online in response to another BP question and found several resources to assist apartment building owners that have limited water meters resulting in the owner paying for water. I own a 3 unit building and have only one meter myself but it has never been a major issue but would probably save me $ in the long run. If the tenant pays the bill then they tend to use less water, just how it is.
There are many options to on how you can submeter each of your units whether you own a duplex or 300+ units.
Once you install the submeters you can take a reading yourself each month and charge each tenant for their usage.
Some of the basic models are fair priced such as these:
http://shop.watermeters.com/DLJSJ75C-Compact-3-4-w...
www.teksupply.com/contractor/supplies/ProductDispl...
The most advanced system I came across blew me away!! ( I am sure it is costly) It actually transmits the data from each submeter to a central location (usually the leasing office) and records it in proprietary software for you! You can actually have a billing company access the data and bill it out to your tenants for you! This looks awesome!
No, I am not a sales associate for any of these companies..lol. Maybe I should be?
Here is the link, it's a great read!!
http://www.americanwater.com/pdf/DevelopersSubmete...
Hope you like this. Has anyone on BP ever used the American Water setup?