Property managers struggle to detect water leaks that cause water damage and high water bills because they don’t have the right tools. Let’s take a quick look at how 3 common tools make it hard for property managers to cut water damage and avoid high water bills.
63% of property managers told us they use water bills and a spreadsheet to manage water costs. Yes, this method of water cost tracking is free but it’s not effective because water bills:
Arrive too late
They only tell you about water use after the water has been wasted due to a toilet leak or faulty sprinkler system. When you try to fix a problem, you have to wait for the next bill to see if it worked.
Let’s say your condo buildings’ water bills are usually around $10,000 each month. As long as the bill isn’t higher than that amount, there’s no problem, right? Not exactly. We’ve discovered that about 23% of multifamily buildings have leaks. Most leaks average $10,000 per year, but it’s not uncommon to see leaks amounting to $100,000 or more annually. Water bills give you zero water usage visibility allowing problems to continue; it’s OpEx death by a thousand drips.
Building Automation Systems (BAS) and Building Management Systems (BMS) can help track electricity. BACnet or Modbus are popular technologies, for example. The chilled water or hot water systems at a building can be controlled through automated pumps and temperature sensors. But BMS and BAS don’t track water usage minute-by-minute. They also can’t help you detect the hidden leaks that waste water and cause high bills.
A $15 water alarm that beeps when it gets wet might be an OK solution for a homeowner. But these alarms are not a good solution for property managers and condo residents that live on the 9th floor. Why? For these reasons:
By now, you’re probably wondering, “If water bills, BMS & BAS, and water alarms don’t work, what does?” Good question. The answer: smart leak and flood solutions that don’t need WiFi and have a battery back-up. These solutions should also give you real-time visibility into abnormal water use, leaks, and floods at your buildings.
Learn more about water leak detection solutions for apartment and condos at alertlabs.com/multifamily
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