Reducing your operating costs is one of the many benefits of smart water meters. As the world becomes increasingly connected, it is evident that more people are turning to technology in order to simplify their lives. One technology that is quickly gaining popularity is smart water meters.
Smart water meters are devices that allow property owners to track and manage their water usage in a centralised location. This technology can be extremely beneficial for landlords, body corporates and homeowners associations. Here is a closer look at why.
Reduced Operating Costs & Accurate Bills
Automated billing functions and the ability to track consumption in real time helps organisations drastically reduce operating costs. Organisations can monitor their usage and prevent high bills from damaging relationships with tenants.
Smart water meters will also ensure that unit owners in sectional title schemes never pay more or less than their fair share of the total bulk water meter reconciliation.
Leak Detection is a Benefit of Smart Water Meters
Automated billing can help property owners track usage and identify arrears where they could be conserving water more effectively. The smart meter will alert the property owner when a particular tenant is using a lot of water as well as notify the owner if a leak has occurred within a property.
This helps property owners to take corrective action before any damage is done and lodge insurance claims in time.
Reduce Non-Revenue Water Consumption
Non-revenue water is water that has been supplied but not billed for by the local authority. Smart water meters can significantly reduce non-revenue water and this isn’t simply the result of leaks (though leaks can contribute to massive losses for body corporates).
Non-revenue water includes water theft, incorrect water meter reading, water meter tampering, and reverse flow. These plumbing problems can be identified using smart water meters.
Peace of Mind as a Benefit of Smart Water Meters
Landlords, Body Corporates and Homeowners Associations can now efficiently manage water consumption for residents thanks to the benefits of smart water meters.
The technology provides detailed records of all consumption and allows for real-time monitoring and identification potential problem areas.
This peace of mind can help reduce tension and conflict between residents, landlords and body corporates for better cooperation and understanding.
Compliance with the City of Cape Town Water By-Laws
Under the new City of Cape Town water by-laws, all properties must have a registered water meter, this includes each individual unit in a sectional title scheme. By law, every tenant and property owner must be supplied with an accurate bill. All properties must make use of a water restriction strategy based on the principle of sustainable water management to reduce high water consumption. If sectional title schemes are not fitted with individual water meters per unit, body corporates can be subject to large fines and even potential jail time.
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