Five Things Building Owners Need to Know About Water Reno Submetering

Blog
Jun 7, 2024
Smart building owners like you are always on the lookout for ways to optimize your property’s performance and increase its value. One area often overlooked is water management.

Did you know that up-to-90% of water use in a high-rise multi-residential rental building occurs in-suite? Traditionally, retrofitting these buildings for water submetering has been technically and economically challenging. But that’s where the Wyse Renovation Water Retrofit Program comes in.

Here are five things you need to know about how our program can transform your building:

1.

Seamless suite turnover integration

Our program is designed to fit seamlessly into your suite turnover renovation process. By installing water meters during these renovations, you can ensure minimal disruption to your tenants and operations. As each suite is upgraded, Wyse collects usage data and delivers transparent monthly bills to residents. This not only gives residents control over their water consumption but also provides you with a clear picture each month, enhancing financial transparency and management.

2.

Significant financial savings

One of the most compelling benefits of the Wyse Renovation Water Retrofit Program is the potential for significant financial savings for residents and owners alike. Primarily, our customized solutions can help reduce your overall water expenses, thereby increasing your net operating income (NOI). By implementing our program, you are essentially turning a necessary expense into a strategic investment for your property.

3.

Cutting-edge smart technology

At Wyse, we pride ourselves in leveraging the latest in smart technology. Our meters offer open protocol communications and a compact design, optimizing both performance and efficiency. This means you won’t have to worry about costly software upgrades down the line, making our solutions not just smart but also cost-effective.

4.

Comprehensive support and stability

Choosing Wyse means accessing a reliable supply chain and extensive support network. As one of the largest buyers of meters in Canada, we can fill orders quickly and meet your development timelines efficiently. From the moment you sign the contract through to renovation, installation, and resident occupancy, we provide complete turnkey support to ensure a smooth transition.

5.

Industry-leading solutions and low fees

Wyse stands out with our industry-leading solutions and competitive pricing. We offer a flat-rate account setup fee and the option to waive the residential security deposit for tenants enrolled in Pre-Authorized Payment. Additionally, our investment in data solutions empowers you with actionable utility information, helping you make informed decisions to lower your operating costs and enhance your building’s overall energy consumption.

When you choose Wyse, you’re not just opting for water submetering; you’re embracing a comprehensive, innovative solution designed to optimize your building’s performance. Our bespoke offerings take into consideration your building’s unique characteristics and your specific needs, ensuring that you reap maximum benefits.

Ready to transform your property? Contact us today to learn more about the Wyse Renovation Water Retrofit Program.

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