Resident Billing Benefits

Integrated with your Lease Management System

Velocity will obtain data from your lease management system to calculate each resident bill. Velocity also provides your properties with the information they need to effectively manage collection of utility charges.

Built-In Compliance

Velocity automatically keeps properties in compliance with current state and local utility cost allocation regulations.

On-Site Collections

On-site collections means more effective collections. Research proves collections based at the property site are 30% more effective than third-party collections—rivaling rent payment (around 95%).

Easy on Your Staff

RealPage provides a billing coordinator assigned to each property as a personal contact familiar with your property.

Accurate, Timely Billing

Each resident’s charges are analyzed before the pre-billing report is sent to the site for approval. Resident billing practices comply with state and local regulations.

Comprehensive Reports and Auditing

You’ll receive comprehensive reports about your energy usage—both on a site-by-site and consolidated basis—including charges passed through to residents and vacant cost recovery. We’ll also audit your utility rates and will monitor consumption.