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.
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 Byram Lab metering equipment 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.