RUBS (Ratio Utility Billing System) divides a building's actual utility bill among residents using a formula based on occupancy or square footage, instead of individual meters. Here's how it works, what it includes, and how to read your bill.
High RUBS utility bills usually trace to one of four causes: rising utility rates, junk fees added by third party billing vendors, a change in the building's occupancy math, or an undetected leak. Here's how to spot which one is hitting your bill.
RUBS bills are calculated by taking the property's actual utility bill, subtracting a common area share, and dividing the rest among units by occupancy, square footage, or both. Here's the exact math, with examples, so you can check your own bill.
Most multifamily owners focus on rent increases to grow value—but some of the biggest NOI gains come from hidden revenue streams. In this blog, Tiffany Mittal shares how overlooked items like laundry rooms, package lockers, and lease addendums transformed her approach to NOI. With real numbers and personal stories, she shows how small changes can create six-figure gains in property value—without raising rent.
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