Improved conservation practices, decreased operating expenses and higher property values are just a few of the benefits being realized by multifamily properties that make the switch from standard metering to submetering, an increasingly common strategy as utility costs across the country continue to soar. The practice, mandated by some states and municipalities, allows landlords to track individual water, gas and electricity consumption, billing costs back to residents based on usage. When Multi-Housing News was looking for experts who could discuss the trend, we knew Taylor Johnson clients Waterton, Kass Management Services, and Draper and Kramer, Incorporated, would be great resources. Click here to read how the upfront investment in submeters is allowing some residential communities to cut their utility costs in half.

Approximately 40 percent of Waterton’s communities use submetering systems, including Addison Park, a 426-unit rental community in Charlotte, N.C.