Copies of the relevant master utility bills are obtained analyzed and added to the system.
Ratio utility billing system formula.
Many landlords utilize a landlord created mythical formula for this called rubs which stands for resident or ratio utility billing system.
We send a letter of introduction to your tenants explaining how the new ratio utility billing program works.
Rubs considers the total cost of multifamily or commercial property s utilities including water sewer waste trash electric and gas and calculates individual resident s utility bills based upon a pre determined formula.
Relying on rubs is how they claim they are fairly.
A ratio utility billing system is a method of calculating the utility consumption of a tenant based on factors such as unit square footage occupancy or number of bedrooms.
The actual utility bill for the property is distributed to each resident based on an allocation formula.
A portion of the cost of the total utility bill for the property is distributed to each resident based on this formula.
Ratio utility billing system rubs apartment utility billing services for over 33 years.
There are several mathematical formulas that can be used most are based on one or more of the following.
It allows the owner to recover a substantial portion of the water and sewer costs by proportionately allocating the costs amongst the tenants.
Ratio utility billing system or rubs is a cost effective alternative for buildings unequipped to use submeters.
An online seminar is conducted to train you and your personnel on how easily our united utilitytrakr system works.
Residents are then billed on a monthly basis based on their calculated utility consumption.
The rubs ratio utility billing system uses an allocation formula that divides a property s water bill among its residents based on square footage number of occupants or other quantitative measures.
The rental agreement shall contain a disclosure that lists the utility services that are charged separately and shall specify the amount of any administrative fee that is associated with submetering or the use of a ratio utility billing system ariz.
Factors in the formula can include one or a combination of the following.
Many apartment owners and property managers are curious about how ratio utility billing systems rubs are used to calculate resident water and sewer bills.
This article includes two videos that explain how to calculate a rubs water sewer bill for up to ten 10 apartment units.
Ratio utility billing is where the property will take the overall bill and divide that bill based on the attributes of your property or rental unit.
The formula is determined based on several variables including.
Unit square footage occupancy occupancy factor or number of bath rooms.
