We would like to focus this post on the common question that we are asked by new and existing clients of ours, and that is "I already have meters installed that are not smart meters. Is it possible to retrofit these to be able to read them remotely?" The answer to this question lies within the type of meter that you currently have installed. Utility meters (electric, water, and gas) have the ability to be built with a pulse output and with many of the Byram meters, this comes standard. The pulse output provides a signal that creates a way for the meter to be read remotely with the addition of products such as the Byram Pulse Transmitter (BPT). Once the BPT is connected to the meter and counting the number of pulses generated from the meter, you can install a few repeaters and a collector and begin to read the system remotely.
We encourage all current and potential clients to reach out and contact your account manager at Byram Utility Solutions to hear more about the process of retrofitting your meters!
In the latest issue of the National Apartment Association’s Units Magazine, an article was written regarding the operating income and expenses in rental apartment communities. The NAA took a survey of over 180 firms who own or manage garden style and mid/hi-rise apartment communities with 50 units or more within the categories of market rent and subsidized. A key highlight within the results of the survey is the difference in expenses between properties that are submetered vs properties that are master metered. In fact, there is such a difference in the average utility expense that the NAA created two separate tables based upon these factors.
To look at the savings of installing submeters, you can simply compare the difference in expenses between the property types. Utility expenses in garden style market rent properties which have submeters installed cost on average $300.00 per unit compared to $606.00 without submeters installed. Mid/Hi-rise market rent properties which have submeters installed cost on average $476.00 per unit for utilities compared to $1,203.00 per unit without submeters installed. Within the subsidized category, garden style apartments with submeters cost $779.00 per unit for utilities compared to $1,378 without; whereas, mid/hi-rise apartments cost $853.00 with submeters compared to $1,390.00 without.
With the data provided from the study, installing a submetering system using Byram Utility Solutions equipment will have a payback period of less than one year!
To visit the article on the NAA website, click here
In today's blog post, we are going to answer the question of "what is the anticipated lifespan of Byram's meters and system?". To start off, Byram Utility Solutions provides utility grade hardware to all of our clients. This means that our meters are of the highest accuracy and are equivalent to what your local utility company would use. We generally see the lifespan of our meters to be around twenty years, however, we have seen meters in the field that have lasted much longer than this. With the rapid enhancements that are occurring in the industry, we do our very best to make sure that no asset is left behind and all of our clients are able to leverage their older meters with the newest solutions that are rolled out.
We have made sure that our water modules and pulse transmitters come standard with an industry leading twenty year battery life in order to match the average lifespan of our meters. If you have any additional questions, feel free to reach out to your account representative and we will be more than happy to provide answers.
The Byram Utility Solutions team will be hosting a meter training seminar for our clients later this month. The purpose of the training is to ensure that the individuals and companies that are using our meters and software everyday feel comfortable with the full operation of our submetering system; as well as a thank you for being a part of the Byram family. We will be reviewing our product line, how to install our meters, how to best utilize our software, and future enhancements. We encourage anyone who is interested in learning more about Byram Utility Solutions submetering system to reach out to your sales representative or account manager so they can notify you of all future events.
A big topic of interest that the Byram Utility Solutions team has seen in the past few months deals with the data that our submeters record. Our clients want to know how much data the meters are recording, communicating, and posting to their portal. The answer to this question is....... well there is not one answer; however, it depends on the type of meter that you are using.
Byram's electric meters are capable of recording fifteen minute interval values. This means that we are able to show the amount of electric usage that your tenant or property is using every fifteen minutes. Similarly, for our water and gas submetering devices, we are able to record consumption for every hour of usage.
For the average client of ours, the interval data is great but they are more concerned with the meter readings for billing purposes. If this is all that you are concerned about, our Sequoia meter reading platform will allow you to select the appropriate date range of your billing cycle and pull the total meter reading value for said range.
Whether you are looking for interval data or simply a single meter reading for the month, Byram's submetering system has you covered.
The Byram Utility Solutions team is heading out to San Diego today for the annual National Apartment Association's Apartmentalize trade show. We will be exhibiting at booth 3125 and we will be raffling off some great prizes. Stop by to discuss how our submetering products and solutions can fit into your portfolio. We look forward to seeing everyone and we hope everyone in attendance has a great show!
One of the biggest questions our team is asked is “why should I install submeters at my property?” This is a great question and one that we love to help answer. There are several different reasons that our current customers use our submetering products, and the most frequent reasons are:
- Resident / Tenant billing – Distribute costs to each resident for their actual utility usage during a given period of time.
- Allocate costs to specific sections of their building/business – Pinpoint areas within your building or business that are “energy hogs” and implement solutions to reduce excess use.
- Data Analysis – View your properties utility data at a granular level via our interval data.
- EnergyStar and LEED Certification – Benchmark your properties energy and water usage so that you can submit your building to portfolio manager and track your buildings usage. Our clients utilize our patented Benchmarx ™ Software to automatically upload their submeter data into Portfolio Manager ™.
- Legislation within specific regions – Many states have begun mandating submetering in buildings of certain sizes, we are here to help meet your compliance needs!
Along with all of the benefits listed above, installing submeters has been seen to help reduce total utility consumption by as much as 35%! This savings brings a tremendous impact to your bottom line.
If you are still hesitant about installing submeters at your property or have any further questions, we will be more than glad to help!
The Byram Utility Solutions team had another successful showing at the New Jersey Apartment Association. The team saw a lot of interest in Byram's submetering offering, specifically the water submetering system. Many property managers and owners were interested in how they can reduce their utilities and promote conservation efforts throughout their properties. We look forward to assisting our current and new clients in all of their submetering needs!
On April 11th 2018, the San Jose city council signed legislation which will no longer allow RUBS to be used as a way to pass through water, sewer, and garbage charges for residents. The city amended a previous legislation and voted that the pass through of utility charges to tenants via RUBS or other un-metered allocation is not allowed. Landlords with written utility pass through contracts in place prior to January 1, 2018 will be allowed to petition for a one-time rent increase. For more information on the amendments, please visit www.sanjoseca.gov/DocumentCenter/View/76369