Wehner Multifamily provides full-service management for B & C class apartment communities. Thanks to a strong focus on maximizing occupancy and revenue, they have experienced rapid growth over the past few years, expanding to more than 22,000 units. With the goals of improving monthly revenue and NOI for their growing portfolio they looked to PayLease to implement a Resident Billing solution.
"PayLease makes sure we are maximizing recoupment while keeping us in line with billing regulations. Thanks to all those details, we collect more at the end of they day"
Juan Leyva | Acquisition Specialist at Wehner Multifamily
Always looking to increase property performance, Wehner Multifamily decided to implement a resident billing service as a means to recoup utility expenses. They knew that recovering utility expenses would be a surefire way to increase revenue. “Not billing residents for utility consumption results in a loss for our owners,” said Juan Leyva, Acquisition Specialist at Wehner Multifamily. “Our goals for our properties are to increase revenue per month and NOI, and one way to make that happen is to bill residents for utilities across the portfolio.”