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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.
Get ready to learn:
- Why utility benchmarking is important and how you can use the data to your advantage
- What tools and programs will help you optimize utility usage at your communities
- What strategies can be used to recover utility expenses from residents
- Where your company is racking up unnecessary costs when paying utility bills
Proven tactics to lower utility usage, recover costs and curb utility management expenses at multifamily properties
With the help of modernized utility management solutions, IoT technologies, and new software platforms, property managers can now improve visibility and lower costs like never before. In this guide, you’ll get step-by-step guidance on implementing a strategy for apartment utility management that is proven to boost efficiency and improve the utilities line item.
The best-in-class framework for utility management in this guide covers:
- Utility efficiency benchmarking
- Utility usage optimization
- Utility expense recovery
- Streamlined accounts payable
With the actionable advice in this guide, you can gain greater control over utility usage, lower costs, and improve margins. Start implementing a new utility management strategy today. Start reading now!
The savings have been remarkable. For example, a typical water and sewer bill at our 197-unit property is somewhere between $4,000 and $5,000 per month. Recouping those costs from residents at multiple properties makes a huge difference financially.Regional Manager for AC Lewis
Why is utility management important for property managers?
Apartment utility management allows managers to maximize cost-saving opportunities and enhance operational efficiency through monitoring, analyzing, and controlling multifamily utility services such as water, gas, and electricity.
With effective utility management for multifamily communities, managers can improve NOI, optimize costs, enhance resident satisfaction, promote sustainability, ensure compliance, and make informed decisions related to utility usage and expenses. According to research, firms who roll out a comprehensive utility management solution typically see a 30% increase in recoupment.
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.