Does this sound familiar? Your water, sewer, and trash bills keep climbing, tenants have zero incentive to conserve, and your “all-in” rents make you less competitive in the market. What if you could reallocate master-metered utilities to residents, improve cash flow, and unlock six- and seven-figure forced appreciation—without adding hardware or massive CapEx?
In this episode, you will be able to:
Understand RUBS (ratio utility billing) and how to fairly allocate water/sewer/trash without installing submeters
See how $36,000 in annual utility reimbursements translated into ~$1M in added value via cap rates
Use “BRRRR 2.0”: replace heavy rehab with expense reduction to raise NOI, refinance, and repeat
Apply RUBS to small multis, duplex + ADU setups, and even HOAs to stabilize dues and encourage conservation
Learn simple onboarding steps (letters, lease language, notices) and how to pass admin fees so the software is effectively free
Avoid common pitfalls of submetering (cost, failures, maintenance) and navigate regulation differences across markets
Tiffany Mittal is a multifamily owner/operator turned proptech founder who launched Utility Ranger in 2020 after years growing utility-billing startups and solving her own portfolio’s rising expenses. Backed by the 10X Incubator, she built a “TurboTax-simple” RUBS platform serving thousands of mom-and-pop owners who’ve been overlooked by traditional providers—helping them put more cash in pocket and increase asset value through smarter utility billing.
Resources from this episode
Get started with RUBS: utilityranger.com
Connect with Tiffany: @TiffanyMittal on social
Learn about private lending & Pine’s mortgage funds: pinefinancialgroup.com
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