To Submeter or Not To Submeter That Is the Question
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.