What does rubs mean in multifamily?
what is a RUBS program? A Ratio Utility Billing System (commonly known as a RUBS program) is a method for allocating master billed utility expenses to residents of a multifamily community.
How do rubs work in multifamily?
How does a RUBS system work? RUBS utility billing works by accounting for each apartment unit’s features when calculating utility bills. For example, if two people live in a specific unit, the RUBS formula will charge this unit more than a unit with only one resident.
What is rub formula?
The RUBS formula simply means the way that utilities and billing are divided. RUBS stands for the ratio utility billing system. It’s the process of dividing the responsibility for the utilities between the residents. This is effective for many landlords because it is essentially billing back portions to the residents.