Water bills don't get the attention they deserve at multi-family residential buildings. Many property managers simply pay these bills without questioning where the charges come from. But, how do you know if an apartment building has undetected leaks that lead to high water costs?
Water usage can now be tracked remotely in real-time using smart sensors, which should be part of every property manager’s efforts to reduce operating costs, minimize property damage and decrease maintenance expenses.
A leaky toilet may not sound like a big problem, but in New York City one medium toilet leak toilet would cost an extra $1,240 per year. Ten leaky toilets at one apartment building could mean wasting more than $12,000 every year.
Property Managers can avoid costly surprises by familiarizing themselves with the unique water-use profiles of their properties. Real-time water usage data helps establish a baseline of normal water use. Managers can then more easily identify deviations from the norm and reduce water bills.
Minute-by-minute water usage data catches the leaks that can go unnoticed
For example, residents could typically use 2,000 gallons of water from 7 a.m. to 8 a.m. during the week but not on weekends. A manager would want to investigate if this same volume of water was being used at 7 a.m. on a Sunday. Similarly, if a property is supposed to be vacant, there should be no water consumption. Water use at a vacant or unoccupied building could indicate a flood or leak.
Insights about water use can also help managers understand which fixtures and appliances may need attention. A water softener that regenerates too frequently can be detected and readjusted to use water more efficiently, for example.
By detecting and identifying water-related problems when they happen, Property Managers can take immediate steps to maximize operational efficiencies and reduce wasted water before it shows up on utility bills.
Learn more about the benefits of real-time water use monitoring here.
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