- October 21, 2014
- October 16, 2014
- October 14, 2014
Water and sewer bills are growing faster than medical costs, almost as fast as college tuition and much faster than food prices, according to a recent study by Michigan State University. With this knowledge, many say that it’s more imperative than ever for multifamily housing owners to pass utility costs to their residents and use benchmarking tools to gauge consumption—both of which can increase NOI.
Mary Nitschke, Director of Ancillary Services for Pro meth eus Real Estate Group, says her company’s greatest opportunity for increased revenue simply comes from leveraging the utility-management practices it already has in place.
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NAA President and CEO Doug Culkin shares highlights from this year's Survey of Operating Income & Expenses in Rental Apartment Communities. Check out the report today.