As a property manager or a landlord for a small to a large sized apartment complex, manufactured home community, condo or even a commercial building, there is a lot of routine paperwork and accounting to manage.
Finding a trusted service that can take on some of the tasks involved in building management is not only a time-saving factor, but it can also free up the landlord or management staff to be able to spend more time in the day-to-day aspects of the job including working directly with the tenants.
Utility management services are a great example of a third-party service provider who can simplify and streamline the work that is required of the landlord or property manager. These companies can offer a range of different services from submetering to billing and payment management as well as provide real-time data for property owners and managers.
Submetering
An important part of utility management services is the installation of submeters. These submeters allow each unit to be individually billed for water use, which is a great marketing tool for the property while also provide more information on water utilization for the landlord.
Smart meters can be automatically read to provide real-time information on water use to landlords and managers. This allows for the management team to understand the usage patterns and to detect any irregularities in use.
Billing and Payment Processing
The best utility management services will be able to provide secure, online access to individual accounts by tenants. This allows for online billing and online bill pay. This not only increases on-time payment rates but it also provides the convenience for tenants to use major credit cards or eChecks to pay their utilities on a monthly basis.
It is important to compare the utility management companies before making a choice. Consider experience, services offered and cost before choosing the right service for your building utility management needs.
