Utility billback

Definition

Submetering water and sewer to residents, turning an owner's cost into a recovered charge.

Why It Matters

It is the first value-add every buyer of a park is told about, and it is the first thing to check has not already been done. Where the meters are not in, the capital cost and the local rules on what may be passed through decide whether the plan works; where they are in, the recovery is already inside the numbers you are being asked to pay for. Ask what is metered, what is billed back, what the state allows, and what the last increase did to occupancy.