Rental Portals offer Tenants and Landlords an online billing service for Utilities and Services of a property, using Sub Metering and a RUBS program.
A Ratio Utility Billing System (commonly known as a RUBS program) is a method for allocating master billed utility expenses to residents of a multifamily community. Rather than simply taking the bill and dividing by the number of units, RUBS takes into account factors like the square footage of a unit, and/or number of residents, depending on the utility. A good billing partner "Rental Portals" will work with you to customize a RUBS program that is as accurate as possible.
RUBS programs are a good method for allocating utility expenses in communities built before 1980 due to older plumbing configurations that may render submetering impossible or cost-prohibitive. RUBS programs will also provide an incentive for residents to conserve utilities since they are now paying a bill. Over time, having your master utility bills decrease up to 20% is common based solely on resident’s conservation efforts.
A RUBS program provides some insulation to owners against escalating utility costs that negatively impact NOI and are a good alternative to rent increases.
Sub-meter utility billing is the most fair and reasonable method of recovering the cost of utilities in a multifamily property. Start today to increase your profit and reduce operating expenses!
Learn MoreTypically Sub meters are installed at each units electrical sub panel and or at the main house panel. A Licensed Contractor will evaluate the propety to determine what devices need to be installed and an estimate of the installation.
Sub Meters will calculate usage and report the usage to the cloud. There is no fee to store the data into the cloud!
Charts compare last months usage to this months usage.
Rental Portals provides an online billing portal service for Tenants and Landlords through Sub-Metering and eco friendly Ratial Billing System (RUBS). Tenants are responsible for all shared utilities and services inwhich Rental Portals installs various types of sub metering and provides monitoring and equitable billing.
Water
meters can be installed or we can help you calculate and bill with
a RUBS program.
Gas
meters can be installed or we can help you calculate and bill with
a RUBS program.
A Ratio Utility Billing System (commonly known as a RUBS program) is a method for allocating master billed utility expenses to residents of a multifamily community. Rather than simply taking the bill and dividing by the number of units, RUBS takes into account factors like Sub Meters, square footage of a unit, and/or number of residents, depending on the utility.
Electrical
Sub meters are the most popular way to regain cost.