09/29/2026
π§ A water bill that runs lower every month raises what the property is worth.
Water and sewer sit in operating expense, so every dollar removed is a dollar added to your NOI. Multifamily is priced on NOI, which is why a recurring saving is worth a multiple of itself when the property trades.
The savings have to be consistent to count. An audit works backward from the bill to what is producing the cost, whether that is a leak running underground, a rate class the utility has the property on, or an error in how the meter is being billed. Correct the source and the lower number carries forward into what the property is worth.
See what's sitting in your number β‘οΈ argeninc.com/getstarted