Banyan Utility Company, originally known as Multifamily Utility Company, has been a leader in utility expense management and billing services since its inception in 2007. Committed to delivering customized solutions, Banyan primarily serves multifamily property owners, enabling them to recover utility costs, encourage conservation, and optimize operational expenses. With services spanning all fifty states, the company has developed expertise across various property types, including student housing, manufactured housing, condos, and new constructions.
Recognized for its rapid growth by being listed six times on the Inc. 5000 of fastest growing companies, Banyan focuses on sustainability through utility conservation practices. Their unique service offerings include property management software integration, resident payment processing, utility benchmarking, and auditing. The company also promotes environmentally responsible habits through awareness campaigns on water and energy conservation.
Banyan Utility differentiates itself with its proactive approach to collections, convergent billing, and energy audits, which provide property owners valuable insights into reducing costs and enhancing the overall resident experience. Their emphasis on cutting-edge technology, such as smart thermostats and submetering systems, reflects their commitment to innovation in utility management.
At the core of Banyan’s mission lies a dedication to sustainability and environmental stewardship, encapsulated in their motto "Thinking Green to Keep Our Planet Blue." By educating residents about conservation and offering tailored utility recovery solutions, Banyan not only helps reduce operating costs but also contributes positively to the environment.
As a trusted partner to multifamily owners aiming to increase their net operating income while adhering to sustainable practices, Banyan Utility Company continues to drive the industry forward with its comprehensive suite of services.
