That's right. You will end up paying for a minimum of 60 to 90 days of utility expenses on their behalf as un-recovered vacant expenses.
Why is that, you may ask?
Because the VCR charges are always 60-90 days behind. Just take a look at your last VCR report and you will quickly recognize the potential.
Is this a good "business practice"?
Some owners are happy to collect small VCR fees for each month of violation because they don't realize the true cost. When residents skip or become delinquent, their unpaid utility expenses not only wipe out all potential fees that might have been collected, but also leave the owner with unpaid expenses due to high season utility costs.
In addition, VCR and bill payment companies charge their fees regardless of whether you collect any money from violators. Allowing move-in violators to remain on your CSA month after month will cost you much more than you think in the long run.
So what is the best practice when it comes to vacant cost?
Eliminate it using the CSASecure®Solution!
CSASecure can identify violators at move in, move out and any time during the lease term, within three days of occurrence. CSASecure automated notice letters alert violators that they must immediately enroll utility service in their own names. Under a CSA agreement, community managers can request a service change for violators who do not adhere to the lease terms, eliminating unwarranted utility expense as soon as possible.
Find out why so many other owners and management companies have adopted the CSASecure Solution as their primary defense against CSA theft.
