New Service Helps Multifamily Owners Substantially Reduce Gas Costs

Owners and property managers who operate multifamily complexes with central heating systems can affordably meter these properties and bill tenants for their share of the overall gas cost. This increases NOI and reduces utility expense.
By: AmCoBi
 
 
AmCoBi
AmCoBi
 
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Tags:
Heat Metering
Heat Meter
Utility Billing
Gas Allocation
Multifamily
Submeter
Central Heat
Furnace
Baseboard

Industrys:
Real Estate
Construction
Property

Location:
Colorado Springs - Colorado - US

Nov. 8, 2010 - PRLog -- Colorado Springs, CO -- Owners and property managers who operate multifamily complexes with central heating systems can expect to see their natural gas, oil, or steam charges increase sharply as the heating season begins.  Although the technology has been around for more than twenty years, many owners are unaware that central heating systems can be affordably metered, and tenants billed for their share of the overall gas cost.  As a result, owners will pay more money for heating fuel during the winter months than they need to.

American Conservation & Billing Solutions, Inc. (AmCoBi) has just announced a new service that combines:

-   Heat metering for central systems:  baseboard radiation, fan coils, or furnaces
-   Resident utility billing:  performed on a monthly basis
-   UtilityHawk:  real-time monitoring to identify maintenance issues and improve energy efficiency.

This service enables owners to shift the tenant portion of the gas bill back to tenants, insulate their balance sheets from rising utility price costs, and quickly increase net operating income (NOI).  Not only does heat metering benefit owners, it offers a more equitable way to bill residents for utilities, and tenants benefit financially when they conserve.

A heat meter is an electronic device installed on a baseboard radiator, for example, in an apartment unit.  It records how long a tenant is using heat and other key data.  With a wireless transmitter, the information is sent to a telephone- or Internet-enabled data collector.  AmCoBi downloads the usage data, performs a series of calculations, and computes an allocated resident gas bill.

For a one hundred unit complex, the price to install a wireless heat metering system is roughly $190-250 per unit.  A system can be installed quickly and doesn't require the services of an electrician or plumber.  After heat meters have been implemented and the resident billing process begins, it's possible to see a reduction in total gas consumption as high as 35%!  That's a dramatic way to reduce costs, make a multi-residential complex more price competitive, and shrink your carbon footprint.

For more information, visit:  www.AmCoBi.com, call toll-free: (877) 410-0167, or send an e-mail to:  Sales@AmCoBi.com.

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AmCoBi offers affordable, reliable utility billing, submetering, and data analysis services to owners and property managers who operate multifamily apartments, condominiums, or student housing complexes. AmCoBi helps owners improve cash flow, reduce operating expenses, and maximize profitability.
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