Increasing Revenue, Not Rents, With Utility Billing Systems

Residents will fight tooth and nail over a raised rent. And, even in the current environment where there’s not a huge vacancy rate, residents might refuse to renew their leases if the rent gets raised too much. However, there is a way to increase revenue while keeping rents stagnant. And—bonus!—it’s also good news for the environment.

In a recent report from the American Conservation & Billing Solutions Inc. (AmCoBi), titled “The Multifamily Owners Complete Guide to Resident Utility Billing,” if property managers and owners set up a utility billing system—charging residences for their utility consumption—it will lower costs overall.

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