Utility Expense Management
Discover Usage Spikes Fast. Identify Utility Service Theft. Minimize Late Fees.
Why Care About Utility Expense Management?
An effective utility expense management program helps you conserve energy while reducing risk, delays, and vacant unit costs. Our program goes further, however. Designed to help you control costs, we help you save on unnecessary utility charges.
How RealPage Reduces Your Utility Expense
Our expense management processes and automation quickly capture not only the total amount due but also line items and metrics such as effective rate and usage. RealPage tracks your invoices, then actively works to reduce late fees by capturing invoices quicker, paying faster, and continually monitoring missing utility bills. Performance reports including metrics provide insights and show savings.
Utility Expense Management Delivers Cash Flow and More
Identify Utility Theft
Recapture utility expenses that haven’t been appropriately transferred to residents.
Minimize Late Fees
Your properties’ utility invoices are processed and paid fast, minimizing late fees.
Discover Usage Spikes Fast
Get quick alerts on unusual water, gas and electric consumption.
Manage Rate Changes
Make your forecast and budget more reliable.
The process automatically flags missing bills, immediately addresses utility notices, and minimizes shut-offs.
Guarantee Financial Security
Transparency and insight into what is for many firms the third largest category of controllable operating cost.
Comprehensive Utility Expense Management for Your Properties
How does your properties’ utility use compare to your competitors? RealPage sustainability reports help you quickly score your properties for both water and energy.
Analytics & Reporting
Track month-over-month and year-over-year usage and cost. All available through RealPage’s advanced analytics tools and reports.
Rate forecasting, our intelligence on rate changes can increase the accuracy of your forecasts. We research rate data regularly, using multiple methods and sources to make rate predictions more reliable.
Utility Budget Builder
Budget Builder combines historical consumption, rate data and rate forecast data to streamline budgeting for greater accuracy. Historical occupancy and weather data is also displayed to further assist in estimating your utility consumption and expense.
“We chose RealPage for utility expense management based on the relationship that we were able to build on over the life of our company, and the confidence that we have in the RealPage team and the RealPage product really led us down the path that utility expense management through RealPage was the way to go.”
More Utility Management Solutions
Stay Informed: Multifamily Utility Expense Management Videos
Become an Insider: Utility Expense Management Research & Articles
Greystar Saves $6 Million on Utilities and Plans More Energy-Saving Projects
DeeAnne McClenahan says she’s always been a numbers nerd and loves pouring over energy and water usage data…Read More
Navigating the Energy Map with Utility Management
Apartment properties stand as one of the nation’s largest consumers of energy.Read More
Utility Management: Legislative and Regulatory Update
Michael Foote, VP of Legal/Utility Billing Compliance, at RealPage shares the latest news in multifamily utility billing compliance …Read More
Utility Management: Health is an Inside Job
Health is a hot topic these days. From insurance to lifestyle to diet, it’s anyone’s guess as to the best path to a long and healthy life.Read More