Ultimate guide to utility management for property managers
Written exclusively for apartment operators, this 60+ page guide focuses on one of the biggest multifamily operating expenses – utilities. Download now to learn what strategies can be used to recover utility expenses from residents, where your company is racking up unnecessary costs when paying utility bills, and more!
Start reading nowWhat is utility management, and why is it important for property managers?
With the help of modernized utility management, IoT technologies, and new software platforms, property managers can now improve visibility and lower costs like never before.
What is utility management?
Apartment utility management is the process of automating the entire utility process, including monitoring, analyzing, recovering resident costs, and paying utility expenses through a combination of software and professional vendor services. A full-service utility management program helps operators maximize utility cost-saving opportunities to lower property expenses and enhance operation efficiency.
Why is utility management important for property managers?
According to research, firms that roll out a comprehensive utility management solution typically see a 30% increase in utility expense recoupment. With effective utility management for multifamily communities, property managers can:
- Improve NOI
- Enhance resident satisfaction
- Promote sustainability
- Ensure compliance
- Make informed decisions related to utility usage and expenses
With Zego's Ultimate Guide to Utility Management for Property Managers, you’ll get proven tactics to lower utility usage, recover costs and curb utility management expenses at multifamily properties. Start reading now!
Strategies proven to lower utility management costs and improve margins
In this guide, you’ll get step-by-step instructions on implementing a strategy for apartment utility management that is proven to boost efficiency and improve utility line items. This guide covers:
- Utility efficiency benchmarking
- Utility usage optimization
- Utility expense recovery
- Streamlined accounts payable
We can help with utility management & expenses
Zego Utility, our comprehensive utility management solution, addresses the unique challenges of managing utility expenses at multifamily properties. From automating utility accounts payable to conducting vacant cost recovery and recouping expenses from residents, we eliminate the hassle and help improve your NOI.