Dirty Data Can Cost Properties Thousands in Utilities Overcharges via Property Management Insider

Something very dirty is happening within the apartment industry. It’s called dirty data.

It’s nothing that will prompt a high-level internal affairs investigation, but this polluted energy consumption information should be of concern to property owners who are watching the bottom line. Dirty data simply is incorrect electricity, gas or water information associated with a property’s utility bill.

Dirty data comes in all sizes and shapes. For example, the read dates are extended so the billing doesn’t reflect a typical 30-day read period. Or the consumption doesn’t match the expense. Or rates are calculated by a multiplier of 100 instead of 10. Before you know it, what should have been a $10,000 bill passes unnoticed through a property’s accounting system at double, triple or, even 10 times the rate. Maybe a month, two months, or a year later, if and when the error is found the cleanup can begin.

By then, the damage has been done.

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