RealPage Reduces Multifamily Utility Billing Costs by 50%
As a property management company, utilities are most likely your third largest expense. RealPage Utilities Resident Billing Services can help you analyze this expense line and provide a customized program that can not only assist with managing your expenses but also your billing and invoice processing needs, and any green initiatives.
Industry studies show it costs on average $12 to process each invoice, equating to thousands of dollars each year in savings. For example, if your company processes 1,000 utility bills monthly, RealPage Utilities Resident Billing Services could save you $72k per year!
Our customized solution simplifies your entire utility billing workflow. Because RealPage Utilities Resident Billing Services captures data directly from your energy provider, it increases accuracy and efficiency and can provide turnaround on invoices in as little as three days – reducing late fees by up to 77%. And RealPage Utilities Resident Billing Services Utility Invoice Processing works with all major property management software.
When it comes to resident billing, our convergent bill presents all resident charges, including rent, utilities, miscellaneous fees and all past due balances on one itemized bill, and helps you increase collections 1-3% per property over when charges are billed individually. Let us help you reduce your overall utility costs.
RealPage Resident Utility Billing Services gives you the visibility into all your utility expenses. You can generate consumption reports at the portfolio level giving you all sorts of information to better equip you in making financial and budgeting decisions. You can see trending information that compares expense and consumption amounts for specific periods, review variance between periods or compare statistics between properties.