How much do you actually recover from RUBS
This question is posed to multifamily operators and managers of larger apartment buildings that have recently implemented RUBS through a 3rd party vendor.
In your experience, what percentage of your utilities were you able to recover from RUBS? I know each state's RUB calculation varies but I'm just trying to get a general ballpark.
For example: If current utility bill for entire property is $100k for month, were you able to recover at least 60% from tenants?
Also - how did the RUBS implementation effect overall usage once tenants were liable for their utilities? I talked to some operators and they said that their water usage immediately dropped by 30%