Vacant Cost Recovery
As a property management team, we know that you are concerned with the sometimes tedious task of collecting and paying the utilities invoices for multiple locations. Added into that is the Vacancy Cost Recovery that must make sure the customer is billed on the exact day the property is leased.
VCR helps owners recover costs associated with tenants who fail to transition utility services to their name on or before moving it. Many times, property owners’ end up having to pay for the resident’s utility expenses until the account is corrected.
With RadiusPoint’s VCR services, owners will not have to worry as we are able to recover costs on tenants who do not close their utility accounts before moving out. We will also ensure that we can help offset energy costs. We will keep records and collect data from all utility bills, using our ExpenseLogic software. Not only will we help with false charges, but you will also save on late fees.
By choosing our services, we will be able to recover charges that have been mistakenly allocated toward your property’s bills as we offer services, from billing to collections, customer service, and more. Vacant unit theft will be your last concern.