What is a sub meter for water?
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Also know, is submetering legal?
Submetering is legally allowable in most states and municipalities, but owners should consult a Utility Management Vendor for assistance with local and state compliance and regulations.
Also Know, what is submetering and why is it a good management practice? Submetering is instrumental in detecting leaks. Common area water usage can be accurately measured and billed accordingly. Real estate managers and owners no longer waste time dealing with water bills. Submetering allows more consistent monthly cash flow for owners.
Also asked, how much does it cost to install a sub meter?
Submeter equipment and installation costs range between about $400 and $600 per apartment. There is an additional meter-reading fee that usually ranges from about $1.90 to $3.50 per unit monthly. There are cases when submetering might not be cost-effective.
What is a sub metering company?
Definition. Submetering companies are organizations that read, organize and generate bills for tenants based on their individual utility consumption as measured by submeters.