The Power of Velocity
With utilities as your third largest monthly expense you just can’t afford to leave any money on the table.1 Let Velocity Utility Management Services help you take control of energy spending, consumption, and management. With our services you can simplify and automate resident billing; recover vacant costs; identify inefficiencies; streamline invoice processing; reduce operating costs; and stay on a greener path. When used together, our services can help a community increase NOI by as much as $145 per unit per year.2
Boost Resident Satisfaction
Keep your residents happy with easy-to-read monthly bills, customizable resident messages and multiple payment options. Our online billing and payment options provide residents with added flexibility and convenience, and show them you’re committed to green initiatives.
Protect the Environment
Our solutions put your communities on a greener path with paperless utility billing, invoice processing, and electronic payments, as well as better consumption monitoring and reporting. We’ll help you control usage in your common areas and encourage residents to conserve whenever possible.
Understand Costs and Consumption
Velocity captures valuable consumption, rate, tax and other useful information from your utility invoices, providing you with transparent and actionable data that can be used to determine trends, generate reports, and create benchmarks.
Monitor Potential Issues
Our expert team alerts property managers of consumption anomalies and assists in resolving vendor billing errors. The data mined from your utility invoices allows you to easily identify any variations to consumption, rate and expense, and determine inefficient properties.
Velocity integrates with OneSite and all other popular property management systems, including Yardi® and MRI (4.0 and later versions) at no additional cost. By integrating with all of the other aspects of your operation, you gain additional efficiency, integrated reporting and increased value.
1 NAA 2012 Survey of Operating Income & Expenses in Rental Apartment Communities.
2 Based on 200 unit site.