{"id":4557,"date":"2022-06-03T09:55:12","date_gmt":"2022-06-03T15:55:12","guid":{"rendered":"https:\/\/utilityjunction.com\/?p=4557"},"modified":"2022-06-03T09:55:14","modified_gmt":"2022-06-03T15:55:14","slug":"how-to-avoid-paying-utility-bills-after-a-property-has-been-sold","status":"publish","type":"post","link":"https:\/\/utilityjunction.com\/how-to-avoid-paying-utility-bills-after-a-property-has-been-sold\/","title":{"rendered":"How to Avoid Paying Utility Bills After a Property has Been Sold"},"content":{"rendered":"\n
Imagine this: <\/p>\n\n\n\n
You\u2019re a Property Investor, Cash Buyer, iBuyer, Home Flipper, or a Property Development Company. In general, a company that has a portfolio of properties and that is constantly buying and selling<\/a>. Furthermore, you manage utilities for your portfolio in-house.\u00a0<\/p>\n\n\n\n It\u2019s all going well, the business is growing and this happens:<\/p>\n\n\n\n The company’s accounts payable department discovered that utility bills were being paid for a house whose status is SOLD.<\/p>\n\n\n\n So, what happened?<\/p>\n\n\n\n Let\u2019s see this first scenario:<\/strong> you have some of the utilities of your portfolio on autopay, which means that it is till you check the accounts that you realize that the numbers don\u2019t match. What could be happening?<\/p>\n\n\n\n You realize that your company has been paying for a property that you recognize but something seems odd because you thought it had already been sold.<\/p>\n\n\n\n Between the things that could have happened, you might think \u201cwhose fault is this?\u201d<\/p>\n\n\n\n Here\u2019s the thing, humans are certainly not perfect and in the beginning, utility bill management probably seems annoying but not hard, and with a controllable amount of spreadsheets<\/a>, it\u2019s no big deal, right?\u00a0<\/p>\n\n\n\n When the company starts to scale is when issues start to arise, because as the property volume increases, you need to track more details about the bills and properties, more spreadsheets<\/a> are created and more connections and disconnections are requested in a not so friendly and tedious process that involves dealing for long hours with utility providers. Furthermore, some billing is received via paper bills and others via e-bills or paperless bills<\/a>, which makes it harder to have full control of the due dates, amounts to pay, and bills to pay.<\/p>\n\n\n\n