Keep Your Rents
|In order to recover some or all of the rising cost of water, more and more apartments|
|communities are turning to a billing method known as RUBS (Ratio Utility Billing |
System). There are two reasons why owners are choosing the RUBS method. One is
that their apartment community only has one meter to measure the entire usage of the
community and there are no individual meters for each unit. The other reason may be
that a sub-metering system is giving inaccurate readings, and is too costly to repair. Or,
individual meters are too costly to install, sometimes as much as $250 - $300 per unit.
A RUBS billing method can be implemented quickly and cost recovery starts within 30
days of the start of the program.
|The RUBS billing method involves a fair allocation of utility cost among residents. It|
|can be used to recover water, gas, electricity, trash or any other cost involved in the |
operation of a property. The calculation is based upon one or more factors such as
square footage or number of occupants, along with the total utility bill for the property.
The charges to the residents will fluctuate as the total property bill changes each
month. An added benefit of this method is that usage normally decreases when
residents become responsible for their utility bills.
| Do I have to commit to a long-term contract?|
| What is required to get started?|
| When will we start to receive utility payments?|
| Who will be responsible for collection of payments?|
| Is this an easy process?|
| Is this method legal in my state?|
| Is there a limit to how much I can charge the resident?|
| Does AABS keep a percentage of collections?|
| When can we get started?|
|Common Questions About The RUBS Billing Method
|Contact Us at 800-678-5508 for more information about our Top-Rated RUBS Program
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