Submetering News

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.