RUBS - Starting point

[Jonathan Beasley]

Hey friends. Couple main questions. 

#1. I am in Norfolk Virginia looking at a 10 unit. Currently Owner pays electric and water. Is the best place to start looking into RUBS, the local waterworks department? 

#2. Is there a general rule of thumbs for either the size of the owner paid water bill, or number of units that makes it "worth it? I currently own a 6 unit that I would love to collect water payments from the tenants. I just don't know if it would be worth it. I've heard it only works well at scale. 

Thanks!

[Jedd Braunwarth]

@Jonathan Beasley There are plenty of options out there to submeter, some are expensive and don't make sense unless you scale, others can work on something as small as a duplex. Some of the biggest factors are what type of meter the company big selling, can the municipality install their own meters (this is the best), is plumbing separated, how expensive is your water/sewer. I see comments from VA and PA, those seem to have relatively high water and sewer fees so it make make sense and a fast ROI on smaller properties.