Utility Management Solutions
RealPage® Utility Management helps you take control of energy conservation and billing at your properties.
Utility Management Solutions Deliver Savings and Conserve Energy
RealPage Utility Management enables multifamily property owners, operators and fee managers to reduce their utility management expenses while providing a platform for billing ancillary services. For more than two decades, RealPage has worked alongside its multifamily housing clients and their residents to save time, money and precious energy.
Whether you’re looking to install a new system or retrofit an existing system, you can rely on the RealPage Utility Management team to handle your water, electricity, and gas submetering. We use only code-compliant equipment, and provide a variety of solutions—from end-to-end installation to ongoing maintenance and service—so you can choose the service that best suits your needs and budget.
Utility Management Includes:
Submetering
Submetering allows RealPage to allocate utility costs to residents based on actual consumption.
Learn MoreExpense Management
Utility Expense Management tracks your properties’ usage, expense, and rate data.
Learn MoreValue Add Solutions
“Our RealPage Utility Advisor partnered with us to execute on necessary utility billing changes. They ended up improving our billing collections by 14% annually and the solution is projected to have a multi-million-dollar, long-term impact.”
Meet Your Business Success
RealPage® Utility Management account managers are here to help you unlock the hidden yield in your properties.
Strategies to Improve NOI Through Better Utility Management
Are you maximizing your utility cost recovery? This webcast will discuss industry best practices and new ways to maximize your recovery so you are not left footing the utility bill.
Learn ways to dig into the data and the most likely places to uncover hidden yield. Utility management is evolving quickly and there are still abundant NOI opportunities if you know how to find them.
Reduce Risk With Utility Billing Compliance Best Practices
This informative webcast will cover the knowledge needed to reduce risk and keep a utility cost recovery program compliant. In addition, the hosts will cover the latest regulatory updates affecting multifamily utility management across the country and share the compliance pitfalls RealPage® found after examining thousands of leases.
5 Ways Utility Account Managers Unlock Hidden Yield
Navigating the complicated world of water, gas, electric and other utility services requires extra time, resources and experience that multifamily teams often don’t have available.
That's why RealPage ® Utility Management provides dedicated account managers who are seasoned industry specialists well-versed in managing apartment utilities. Join this webcast and learn how account managers help clients find more dollars and improve NOI in an increasingly unpredictable economic market.
Stay Informed
Frequently Asked Questions (FAQs) About RealPage Utility Management
What is Utility Management?
Utility management involves the oversight and control of utilities such as electricity, water, gas. The goal is to optimize usage, reduce costs, and ensure efficient operation of multifamily properties.
Why is utility management important?
Effective utility management helps multifamily housing businesses reduce utility expenses, improve energy efficiency, and ensure compliance with regulations. This not only saves money but also enhances property value and resident satisfaction.
What services does RealPage Utility Management offer?
RealPage provides a comprehensive suite of services, including resident utility billing, submetering, and utility expense management. These services help multifamily properties reduce costs, improve operational efficiency and manage utilities more effectively.
How does submetering work?
Submetering measures individual utility consumption within each unit, allowing property owners to allocate costs based on actual usage. This ensures that residents pay only for what they consume. Additionally, RealPage’s Meter Assurance Plan offers proactive maintenance to keep submeters, accurate, compliant and functioning properly.
What is Utility Expense Management?
Utility Expense Management involves tracking utility usage, expenses, and rate data to optimize cost management. This service helps conserve energy, avoid unnecessary utility charges and ultimately save money.
Can RealPage assist with utility billing compliance?
Yes, RealPage offers solutions specifically designed to ensure compliance with utility billing regulations. We stay up-to-date with the latest regulatory changes to help you avoid potential risks and penalties.
How does RealPage help improve NOI (Net Operating Income)?
RealPage enhances NOI by maximizing utility cost recovery, improving billing accuracy, and offering sustainability solutions that reduce energy consumption. These efforts help to increase profitability for multifamily properties.
How does RealPage integrate with existing property management systems?
RealPage offers seamless integration with most property management systems, streamlining utility management processes and ensuring smooth operation across your property portfolio.
What sustainability solutions does RealPage provide?
RealPage offers a range of sustainability solutions, including compliance benchmarking, energy management tools, smart water conservation systems, and waste reduction strategies. These solutions not only enhance sustainability efforts but also improve resident satisfaction.
Can RealPage handle utility management for multiple properties?
Yes, RealPage is equipped to manage utilities across multiple properties, offering centralized control, comprehensive reporting, and consistent service across your entire portfolio.
What kind of reporting and analytics does RealPage provide?
RealPage provides detailed reporting and analytics that monitor utility usage, expenses, and trends across your properties. Our utility management software automates tracking, reporting, and billing processes, delivering insights that support better decision-making.
How does RealPage ensure data security?
RealPage employs advanced security measures, including encryption, secure data storage, and regular security audits, to protect sensitive utility and billing data from unauthorized access and breaches.