RUBS or Ratio Utility Billing System is a method of calculating a resident's utility bill based on occupancy, apartment square footage, number of beds, or some combination of factors.
Using RUBS to bill residents for water, gas and/or electricity expenses has several advantages including:
- Requires no capital investment to get started
- Enables owners to recoup a large portion of the overall utility expense
- Can be implemented quickly
- Immediately improves cash flow.
RUBS vs. Submetering
Many existing apartments have a utility configuration that does not support the installation of submetering equipment. For example, hi-rise apartment complexes and older condominium units often have multiple pipes supplying water to a single unit. It's cost prohibitive to install several water meters to measure total water usage for each residence for billing purposes.
In these cases, RUBS presents an excellent alternative for the owner or condominium association to recover appropriate utility costs and increase cash flow at the property.
Regards,
Todd
AmCoBi - Utility Billing Services