Submetering : What is it?
Utility companies are in the
business of providing electricity, water / sewer, and
gas to residents nationwide. In a multi-unit environment,
they prefer to meter their services only to the point
of entry to the property, leaving it to the owners to
bill and collect the money for usage. This is where
Midway can help, on these types of properties:
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Condominiums
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Townhomes
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Apartments
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Manufactured Homes
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Subdivisions
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Retail Centers
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RV Parks / Campgrounds
Submetering Systems : What
are they?
A submetering system typically
consists of:
a) Small meters installed at the point of unit entry.
For example, at the water heater, at the main breaker
panel and so on.
b) Transmitters. These read the meters and send the
signals to a centralized collector.
c) Collection system. This is an antenna and small computer
that collect and store the meter reads.
d) Communication line. Midway accesses your collection
system via DSL line, dial-up modem, or cable modem.
Midway uses only the highest
quality products from established vendors. We build
long-term relationships with our clients, and refuse
to use inferior goods. This is why we can offer FULL
WARRANTIES on our installations.
Our Project Managers will work
with your GC, plumbers, electricians, and owners to
design the perfect system for your property. This includes
permitting and Code Compliance. After reviewing the
construction prints, they will recommend the most appropriate
system.
Top
Submetering : How much does
it cost?
No two jobs are alike. When
preparing a quote, we take into consideration things
such as: terrain, construction style, # of floors, and
more. If replacing an existing system, the cost might
be as low as $75 per unit. At the other extreme, a complete
system installed in a hurricane-proof building might
cost as much as $150 per unit.
In either case, the results
are the same: you get a perfectly installed and functioning
submetering system that will increase your property
value and maximize your revenue for many, many years.
If you don't want to tie up
your capital with an initial outlay, we can provide
financing plans that require no money out of your pocket,
ever.
Submetering Systems : Why
would I want one?
Utility Cost Recovery
The number one reason why owners install submetering
systems is to accurately bill and collect for their
residents' usage. Without a system, you have to either
raise the fees / rent, or allocate the cost in some
way.
Property Value
It is no exaggeration to state that a submetering system
will return a price 2-3 times higher than what you paid
for it. Call our Sales department for details.
Lower the Rent, Condo or
HOA Fees
When your residents pay for their own utilities, you
no longer have to build these costs into your fee structure.
Less Hassle
Some properties try to allocate their residents' usage
based on the municipal master bill, and end up with
a billing and collecting nightmare. A submetering system
relieves your managers of this nuisance.
Problem Identification
A submetering system gives a more granular view into
your property's utility consumption. It then becomes
much easier to detect things such as leaky toilets,
improperly set thermostats, etc.
Conservation
In the past, this topic got frequent lip service, but
was ignored because it couldn't justify itself financially.
But, oil and natural gas prices are escalating, leading
to higher electric bills. And water reserves are on
the decline in virtually every area.
Then there is the "Green"
movement. Tenants and homeowners are looking for properties
that are resource-conscious. Green buildings are showing
higher occupancy rates.
Utility
Billing Frequently Asked Questions
For much more information on Submetering
and Utility Billing, visit our website at http://www.msubd.com/
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