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5 Ways to Cut Water Costs and Increase NOI

For multifamily properties, HOAs, and mobile home parks, rising water costs can eat into your profitability. The good news? There are actionable steps you can take to reduce expenses and boost your NOI (Net Operating Income). Here are five proven strategies:


1. Install Submeters for Accurate Tenant Billing

With a single water meter, it’s nearly impossible to allocate costs fairly. Submetering solves this by tracking individual tenant usage, ensuring tenants pay for what they use. This eliminates billing disputes and allows you to pass water utility costs directly to tenants.


2. Detect Leaks Early with Real-Time Monitoring

Leaks don’t just waste water—they result in higher bills and costly repairs. Installing a monitoring system alongside submeters lets you catch leaks early, preventing damage and saving thousands in unnecessary expenses.


3. Encourage Tenant Accountability

When tenants are billed for their actual water usage, they’re more mindful about consumption. Studies show submetering can lead to a 15–35% decrease in water usage, helping both your tenants and your bottom line.


4. Invest in Water-Efficient Fixtures

Low-flow toilets, showerheads, and faucets can significantly reduce water usage without sacrificing performance. While the upfront cost may seem high, the savings over time make these upgrades worthwhile.


5. Automate Utility Cost Recovery

Simplify operations with automated billing software that integrates with your submeters. This not only saves time but ensures consistent cost recovery, improving NOI across your portfolio.


The SimpleSUB Solution

Ready to start saving? SimpleSUB Water offers easy-to-install over-the-pipe submetering technology that provides:

Don’t let water costs drain your profits.

Buy Now and start boosting your NOI today!