An effective water leak detection solution pays for itself in dividends –almost immediately.
Americans waste approximately one trillion gallons of water per year. For most of us, that much water is, well, unfathomable (in case you’re wondering, try to imagine your next-door neighbor’s pool. Now imagine 40 million of them side by side—that’s how much water goes wasted every year). To you, the landlord, it is imperative that you understand how and why water leak detection in multifamily buildings is a necessity—for the sake of the planet as well as your pocket.
Water leaks—those drips add up
So, how do Americans manage to waste one trillion gallons of water per year? To put it in finite terms, we measure water leaks in Gallons Per Minute or GPM. While a leaky faucet or toilet might seem like a negligible problem or easy fix, it adds up faster than you think:
- One leaky toilet that loses 1.5 GPM wastes 21,600 gallons per month
- The average leaky faucet wastes about 10% of your water, adding up to about 200 gallons of unused water per year. A steady leak can waste 100 times that
- Poor irrigation practices can cost you 25,000 gallons per year – and that’s just one household
- The average American family wastes 180 gallons per week or 9,400 gallons per year
- Household water leaks cause about 90% of all water wasted in the US
Water leak detection: The hard truth about soft water
Property owners know the endless list of risks involved in renting property. It’s a stressful endeavor, and effective water leak detection in multifamily units is necessary to ensure you don’t lose money or suffer property damage.
Here’s what to keep in mind when planning for water damage prevention:
- Toilets are expensive.
- A slow leak—the kind most landlords don’t even notice—wastes about 30 gallons per day
- A medium leak wastes 250 gallons a day, costing around $1000 per year, or more in high-cost urban areas
- A large leak can waste around 4000 gallons per day
- One in five toilets has a leak. If you’re managing more than two units, there is a good chance you’ve got at least one leaky toilet
- Most leaks go unreported.
- Think back to your first apartment. Do you remember that leaky showerhead you and your six other roommates got used to? If it’s a smaller leak, there’s a good chance your tenants are doing the same
- Most residents see the occasional leaky faucet or showerhead is just that; a few drips
- It is up to you to make sure all plumbing is in proper working order
- Multifamily insurance isn’t as comprehensive as you think.
- Most landlord insurance covers natural disasters, fires, and break-ins
- Water insurance is often sold separately, rather than included in the base policy
- Most base policies only cover basic plumbing issues, such as broken pipes and water heaters
- Many landlords and property managers don’t know the details of their insurance policy. You need to know
What does this mean for you, the landlord?
As a property manager, you’ve taken the necessary precautions to protect your building from break-ins and fire damage with security systems and fire alarms. However, water leak detection is just as important, if not more.
Still skeptical? Here are some quick stats:
- Burglaries occur in 1 in 36 homes per year
- Fire damage occurs in 1 in 333 homes per year
- Water leaks occur in 1 in 12 homes per year
There’s a good chance you aren’t safeguarding your property from its most likely culprit: water damage.
That’s where Hubsai SmartMulti-Hub’s Water Leak Detection solution comes into play. With a single app, you can monitor vulnerable areas and identify individual water leaks in every building and unit you own. Leave the installation to us—all you need is a smartphone or tablet.
|Hubsai’s patented Home Map lets you manually activate/deactivate SmartHome water leak detection devices when necessary. Additionally, you will receive real-time notifications if moisture is detected or high/low temperatures are breached.|
Click here to find out more about how Hubsai protects your tenants and your investment from water leaks and property damage.