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How does your utility management measure up against turn season pressures?

With rising utility costs, fluctuating enrollment rates, and increasing operational pressures during turn season, multifamily student housing operators face a critical challenge in maintaining efficiency and profitability. Amid these challenges, what’s putting your utility management at risk during turn season?

  • Staff strain leads to utility neglect
  • Inaccuracies & disputes result in lost revenue
  • Unauthorized utility usage costs you money

How can you ensure your operations are streamlined and your revenue is safeguarded? In this guide, discover 5 strategic utility management recommendations student housing operators can implement to optimize utilities during turn season. Start reading now!

A deeper look at student housing

3rd
Utilities are the 3rd highest expense for most student housing properties.
14.2%
Maintenance expenses have risen 14.2% from 2022 to 2023 while pre-leasing rates have slowed.
1 in 4
In addition to slowing demand, 1 in 4 properties face staffing shortages, complicating operations further.

Five essential utility management solutions for student housing operators to better turn season

Implementing strategic utility management solutions can enhance revenue, conserve resources, and improve the resident experience during the busiest times of the year. Here are five solutions multifamily student housing operators can adopt to optimize utilities during turn season:

  • Use a move-out calculator to remove guesswork from final utility allocations
  • Automate billing to simplify & enhance the collections process
  • Match unit occupancy & usage data to stop paying for residents’ utilities
  • Leverage utility usage trends to cut costs & gain efficiencies
  • Avoid fees & penalties by ensuring regulatory compliance

Start reading now!

Written in partnership with Student Housing Insight, this Turn Season Utility Management guide will share five utility management strategies that can positively impact revenue, conserve team resources, and enhance the resident experience.

Strategic utility insights for turn season

Given the current market dynamics and the specific challenges of turn season, now is the time for student housing operators to enhance their utility management strategies. Created in partnership with Student Housing Insight, this guide provides:

  • Practical strategies for improving staff efficiency and reducing operational costs to prepare for the next turnover season
  • Common and critical areas of student housing utility management that need attention and strategies to address them
  • Insights into how fair utility management improves resident relations and satisfaction
Start reading now

Tackle turn season operations with Zego

Enhance recovery rates, ensure billing accuracy, and gain comprehensive insights into your portfolio’s performance. By streamlining utility management, Zego frees up your team to focus on core business initiatives that matter most during turn season.

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