Separating Common Water

[Watson Hilaire]

Hey BP,

I keep passing on multi properties that have common water because I don't want to pay for any utilities. Now I am wondering if these are missed opportunities. Can anyone tell me ways to separate common water and what costs are involved?

Thanks,

Watson

[Taylor L.]

Yes, it could be an opportunity. The common way is RUBS, Ratio Utility Billing System. May or may not be legal or generally work in your market. Billing back water doesn't work everywhere, but it can be a huge NOI impact.