Cost to Separate Water Meters
I finally got an answer today on the cost to separately meter my intended 9 unit MF property...$8000 per meter just for the capital recovery fee for the city. Then add on any installation charges. I was shocked to say the least.
So, this new landlord will be allocating water bills and billing tenants for their portion. I have been researching the rules and think I have it figured out. Unfortunately, I haven't found any billing companies that will do it for me with less than 100 units. Anyone know of a company who will work with smaller properties?
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Why not have your own sub meters installed by a plumber isolating each apt and install in an easily accessible area. PM can read monthly and bill back at $0.01 per gallon (which includes admin and sewer impact fee). Some states require a formal water bill to the tenants, but you can create it or use a template. Install (all in) should be under $1k per.