Ratio Utility Billing System (RUBS)

[Andrew R.]

Is anyone implementing RUBS in Norfolk?  It makes a huge difference analyzing deals for multi-families without separate utilities.  I just want to make sure it is;

A. Possible, and....

B. Won't send tenants running for the hills.

The specific quad we are currently looking at has separate electric, however; water, sewer, and heat/hot water are shared.  Looking to install ductless mini-split heat pumps in each unit then using RUBS for water/sewer/hot water (electric) if unable to sub-meter.  

The unit has an amazing location and we are looking to finish a little above average to ensure we still attract tenants.  Seems around 50% of nearby rentals include utilities.

Thoughts? Any recommendation on 3rd party RUBS companies?

Thanks!

Andy

[Clarissa Butler]

I'm not a MF owner, but as a tenant of many MFs over the years in Norfolk and SoCal ratio billing on water never bothered me. I was typically briefed on the first walk through on site that it was done by sq footage of the apartment + number of people living in the apt compared to the rest of the building.