URS’ Audit Services is proven to increase monthly income, annual utility NOI and corrects legal compliance issues when necessary.
URS is an independent utility expert specializing in revenue optimization for multifamily owners and operators by auditing both how the utility providers bill communities and how the third-party utility billing vendors invoice the residents. We have audited over 650,000 apartment units nationwide and created almost $1.0 billion in increased value at conservative cap rates.
We are neither a billing company nor utility and we are the only company in the country that provides this unique service.
URS uncovers additional revenue resources:
- Increased monthly recurring income by $7.00+ per door on average.
- Our recommendations have enabled our clients to increase their annual utility NOI by more than $48 million.
- A complete analysis of water, sewer, gas and electric bills and optimization of how utilities are reallocated to residents.
- Utility billing audits on a community-by-community basis to identify additional revenue opportunities, billing errors and legal compliance issues. We have identified and corrected compliance issues on approximately one out of every three communities we audit.
- Risk-free analysis as our compensation is solely based on whether additional income sources are identified.