Managing utility invoices for multiple units is nothing less than an administrative nightmare. Our Utility Expense Management solution reduces your workload, eliminates late fees, and increases your revenue. Plus, our Utility Expense Management specialists will catch every error and pay every bill on time.
3x MultiHousing News Technology Choice Winner for Invoice Processing & Payments
Utility Invoice Processing
PayLease removes the burden of utility expense management, allowing you to focus on resident satisfaction and growing your business.
We remove the burden of mail collection and keep track of what invoices have been received, and which are missing.
We remove the burden of paying each individual utility bill by its due date.
We remove the burden of contacting utility providers over missing invoices and billing mistakes.
Since outsourcing their invoice processing to PayLease, Hilton Realty has dramatically decreased the time spent managing utility payments.
Managing our utility AP was extremely laborious. We had one full-time person on our team handling the task, and it took up about 65% of her time.
BILL CHAST, CONTOLLER
Vacant Cost Recovery
How do you take an expense on your P&L and turn it into a revenue stream? With our Vacant Cost Recovery. By tying together your occupancy information and your utility bills, we can catch opportunities to recover un-recouped utility expenses – and even create a revenue stream by charging the resident for their tardiness.
Occupancy file review
We review your occupancy file and look for move-in dates of recently acquired residents.
Vacant unit bill review
We compare your occupancy file with your utility bills for vacant units, and identify any overlap.
Utility fees, plus a penalty fee are assessed to residents found to be in violation
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