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Renters to Be Tapped for Cost of Water

On the other end of the housing spectrum, bad news for renters: They’re more likely to start paying for their water.

National Water & Power Inc., a fledgling Irvine company that installs and operates utility meters at apartments, has reached the milestone of 100,000 units under contract.

That’s up from 57,000 at year-end, an increase due mainly to new contracts signed with Irvine Apartment Communities Inc. and Sares-Regis Group, the company said.

National Water & Power is betting that a trend toward charging tenants for water will continue. The recent growth indicates “growing acceptance of separately billing residents for water,” said Gary Smith, the company’s president.

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E. Scott Reckard covers real estate for The Times. He can be reached at (714) 966-7407 and at scott.reckard@latimes.com.


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