5 Tips to Saving Big Money Managing Apartment Utilities via Property Management Insider

More and more, all eyes are on energy and water usage. Investors, property owners and even residents pay close attention to utility bills. In some areas, local and state regulators require that energy performance be reported to the Environmental Protection Agency.

The impact of utilities may seem to affect either the property or resident, but it actually touches both. Certainly, the effect of utilities on an apartment’s operating costs varies depending on whether the community is master-metered or individual-metered. In the National Apartment Association’s 2015 Income & Expense Survey, only 3 percent of a property’s total expenses are from utilities if the property is individual-metered, compared to 8.1 percent – third-highest – for master-metered.

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