This week the Entrata team hosted a webinar to discuss ideas for improving utility billing at properties. The webinar explained how properties can reduce the cost of processing utility invoices by up to 75% using a third party provider. Eric Bjornn, Director of ResidentUtility at Entrata, and Chandler Smoot, Product Manager of Utility Expense Management at Entrata, also discussed ways your property staff can be saving time and money through utility expense management.
Mika McIntosh, RentSauce Editor
Entrata has done a lot with the values over the years – we’ve written about them directly, written about those who live the values, created the values committee and also dedicated a whole week every year to the values. We wouldn’t have the same work culture at Entrata without the presence of the values, and they’ve shaped the way we interact with others. Those interactions have strengthened our understanding of the values as we see how others in the company live them.
Across the country every month 40 million renter-occupied households are being billed for utility usage. While there are many billing scenarios (billing direct to residents, bill & collect, metered and RUBS billing options, etc.) the one true constant is that the utility provider nearly always gets their money. But are they getting some of your money in the process?
There isn’t an industry in the world that’s immune to the disruptive technology trend – even multifamily.
Yes, even the industry that has been labeled behind the times by publications such as TechCrunch is susceptible to game-changing disruption. Sharing economy services like Airbnb are already threatening to disrupt the way business has always been done in the multifamily industry. While it hasn’t yet gained full traction, it could.
Cyber intrusions are on the rise and becoming more sophisticated. Unfortunately, the multifamily industry is not immune.