White Paper
Best Practices for Residential Utility Billing
How do you choose between in-house, point and built-in utility billing solutions? Utilities are often a property’s largest controllable operating expense, and the impact is not small. In some areas, a typical two-bedroom apartment can have annual utility expenses of over $1,270 – just behind $1,700 in payroll costs and $1,300 in maintenance and repair (MRO) expenses. Finding the right solution for managing utility expenses can help you avoid leaving money on the table. How do you control costs with utility billing? Many real estate organizations choose utility billing over absorbing flat utility charges to better control costs.