Multifamily submetering is quickly becoming the standard for utility management in the industry and Dwelo has announced an integration partnership with NextCentury to provide a solution for multifamily communities.
Dwelo, provider of smart-home solutions purpose-built for apartments, and NextCentury, the first and only completely cloud-based submetering solution, announced an integration partnership in a release.
Utility submetering is a system that allows a landlord, property management firm, condominium association, homeowners association, or other multi-tenant property to bill tenants for individual measured utility usage. The approach makes use of individual water meters, gas meters, or electricity meters.
Multifamily submetering becoming the standard
The partnerships will allow owners and managers to have more information and control over their communities specifically through increased smart utility management and leak detection and mitigation.
“We believe bringing submetering into the next century is critical to the success of multifamily communities,” Mike Clements, CEO at NextCentury Meters, said in the release.
“NextCentury provides owners the ability to bill residents for exact utility consumption while also providing custom reporting and timely alert notifications to managers. Like Dwelo, we aim to give owners more data and control over their communities. This partnership continues our focus on creating the future of submetering, passing tremendous savings back to the owners and adding value for residents.”
Submetering is becoming the standard and states like California, Texas, and Georgia require submeters in all new construction projects.
“Partnering with Next Century continues Dwelo’s mission of offering managers and owners increased efficiency through access to more data and control of their communities,” Mike Rovito, CEO at Dwelo, said in the release.
“We are excited to provide submetering alerts to our customers. Poor utility management can result in costly occurrences that can be better prevented with this partnership with Next Century.”
Submeter systems capture water data on a unit level. Capturing this data is a win-win for both residents and management staff, according to the release.
How Dwelo and NextCentury Meters Work Together
Residents win because they can now be billed for their exact water usage which typically results in conservation. Management wins through the ability to monitor and mitigate water leaks with this data.
Non-catastrophic leaks are common in multifamily communities.
Examples of non-catastrophic leaks include:
- Constantly running toilets
- Slowly dripping faucets
- Leaky pipes in less frequently visited areas like mechanical rooms or crawl spaces.
These types of leaks often go undetected for days or weeks, resulting in wasted money – in the form of wasted water – and in some cases, costly water damage or mold.
The following are typical costs that a property could expect to incur due to non-catastrophic leaks and inefficient utility management:
- $10 per day for undetected running toilets and faucets.
- $10,000 average in damage for typical appliance or plumbing leaks.
The partnership between Dwelo and NextCentury offers owners, managers, and maintenance, the necessary tools and notifications to significantly mitigate the costs caused by these occurrences, according to the release.
It works by allowing property management and maintenance staff to receive notifications in the event that a water leak or water temperatures that could cause freezing pipes are detected. Staff are notified of the community and unit that these events are occurring.
Related story: Dwelo Investing $20 Million To Bring Smart Technology To Apartments
About Dwelo Smart Apartments
Dwelo provides simple, seamless, smart apartments to the owners and managers of multifamily communities. Dwelo connects popular smart devices from Z-Wave, Nest, Kwikset, Yale, and voice platforms like Amazon Echo and Google Home. Dwelo’s platform enables residents to enjoy the benefits of a smart home in a rental setting, while helping managers run their communities more efficiently