Make The Switch To Ratio Utility Billing and Sub-Metering
Community Utility Billing Services from CWE
Do you own or manage commercial real estate or multi-family properties, such as apartments, condominiums, mobile parks, military housing, college dorms, or retirement homes? Do you have one master meter and bill tenants utilities as part of the monthly rent? Are you losing money due to variable utility costs? If you’ve answered “yes” to these three questions, then you owe it to yourself and your tenants to invest in community utility billing services from Commercial Water and Energy (CWE).
Grow Your Portfolio with CWE’s Community Billing
CWE provides multi-family and commercial billing services for water, electricity, and gas utilities. No two properties are the same, so CWE designs custom solutions that fit each property’s exact needs. If you have multiple properties within your portfolio, CWE can customize any fee and rate, track collections of any of those fees independently, customize late notices to groups of tenants based on outstanding amount due and aged balances, and much more. With CWE’s utility billing software and customer support services, you can grow your portfolio and manage each property more effectively and efficiently.
Increase Property Value with Utility Billing Solutions
The value of any multi-tenant property remains proportional to its net operating income (NOI). Increases in lease or rental rates are one way to improve a property’s NOI, but increases that go too far beyond fair market rates lessen one’s chances to stay competitively priced. Utility allocation, wireless submetering, and automated, web-based billing software from CWE are a better solution long term. With this property management system, you are no longer affected by variable utility cost, and instead you are able to recover all costs by billing tenants for actual consumption. When a property’s net operating income is increased, the result is a greater loan and resale value to you, the owner.
Managing multi-tenant properties can be challenging, but with CWE, accurate utility billing is one less concern. When owners are able to increase their NOI without increasing rent, rates are competitive and vacancies are few and far between. When managers are able to operate the utility billing of multiple properties from one platform, owners can grow their portfolio exponentially. CWE is your WIN, WIN!