Tiffany MittalChief Executive Officer, Utility Ranger · CEO of Utility Ranger, in-house utility billing software

Utility Billing Software for RUBS Billing (Ratio Utility Billing) in Multifamily apartments.

12 Feb 2024 · 1 min

Watch on YouTube

1:19

In this segment, the speaker explains the motivation behind Utility Ranger, a PropTech software that transforms a traditional utility billing service model into an easy‑to‑use digital platform. The tool lets any property owner—whether they manage a duplex or a thousand‑unit complex—enter their utility bill amounts, automatically calculate each tenant’s share, and email the invoices. The speaker emphasizes that existing service companies often treat small, mom‑and‑pop investors poorly, limiting their ability to grow portfolios and build generational wealth. By providing the same automation and efficiency that large operators enjoy, Utility Ranger aims to democratize utility billing, give everyday investors fair access to technology, and help them leverage capital to expand their holdings.

Chapters

I said, how can I take this service, you know, model and turn this into just a software model where anybody who has, whether it's a duplex, whether it's 100 units, whether it's 1,000 units, that they can just stick in their bill amounts and click calculate and have the bills emailed off to your tenants. I mean, it's a fairly simple model, but no one had really focused on how do I make this really easy and how do I give this to the everyday mom-and-pop investor so they don't need to go to these service companies and be treated poorly. And, you know, these are really the heartbeat of America, are these kind of small businesses and mom-and-pop investors. Like, they need to be treated more fairly and given the same advantages that everyone else has so that they can force the appreciation of their properties, leverage that capital, grow their portfolios, create generational wealth. How are they going to get as big as the big players without these same opportunities. And so that's kind of how Utility Ranger was born, was kind of democratizing the space of PropTech, making this accessible for the everyday investor and owner and operator to have the same advantages the big guys have had for years and use this as a mechanism to help grow their portfolio.