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QIS PMP RUBS
Management Says...
“QIS PMP RUBS allows real estate companies to track and bill tenants real time for actual utility use. Billing actual usage enables them to recapture true costs without having to reconcile later. This makes tenants happier and also prevents property managers from carrying any unbilled utilities for any period of time.” – Ken Child, Vice President
Got Submeters? QIS PMP RUBS is the answer.
Download Data Sheet
QIS
introduces QI Property Management Plus (QIS PMP™) RUBs (Ratio Utility
Billing) which provides a significant enhancement to the already
powerful Oracle JD Edwards Real Estate Property Management Module.
Enhancement allows Real Estate Property Management Companies to recapture all utility costs associated with a property where submetering is not possible.
Enhancement allows Real Estate Property Management Companies to recapture all utility costs associated with a property where submetering is not possible.
Landlord Challenges
Today, landlords are facing many challenges as they try to manage property operating expenses. These challenges include: increasing paperwork - keeping on top of bills and rental income, and good tenant management - making sure tenants/residents get accurate information when they need it. Some properties have existing plumbing or electrical wiring configurations that do not allow for the installation of submeters. Following debt service, taxes, and insurance, utilities are the next biggest recurring expense for Landlords. When submetering is not possible, Ratio Utility Billing (RUBs) provides a mutually acceptable way to drive utility costs to bottom line profits.
The Solution
QIS PMP RUBS offers Property Managers to ability to bill each tenant/resident with their associated utility costs based on their lease terms. RUBS provides a mutually equitable way for tenants/residents to pay their fair-share of total utility costs on a property. By using QIS PMP RUBS, Property Managers can feel confident that they are billing utilities accurately and collecting on all expenditures
With QIS PMP RUBs, the utility bill for the property is distributed to each tenant/resident based on an allocation formula. Factors in the formula can include one or a combination of the following:
- Number of occupants
- Square footage
- Number of rooms
- Number of fixtures
Benefits to Landlords
- Recapture current and future total utility costs
- Instantly increase net operating income
- Competitive Lease and rental advantage
- Stabilize or Increase property value
Help Tenants/Residents Go Green and Conserve
By using RUBs to allocate utility costs where meters cannot be installed, residents see the connection between energy use and cost, which helps minimize resident housing costs and promotes conservation.
- Detailed, accurate and timely billing
- Equitable allocation of total utility costs
- Increased Landlord satisfaction and trust
