We are helping with leasing and renewals for an asset at which they bill back the cost of hot and cold water, HVAC, and electricity, without an individual meter on each unit. A professional utility billing partner takes the utility bills and divides it according to accepted business practice, such as how many people live in the apartment home, etc. But the pass-through costs can be high, the A/C isn't necessarily as cold as people would like, and the hot water takes a while to get to some of the "end" apartments.
Can you MultifamilyInsider Experts give some leasing and renewal tips?
Would LOVE your insights!