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175
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Michael Beeman
  • Casey, IL
308
Votes |
175
Posts

Submetering 2 small MF properties

Michael Beeman
  • Casey, IL
Posted

Hello BP,

I have a large older home that was a nice value purchase andI am putting some money into it and creating a nice 3-plex. I also have a 6 unit Apartment building. Neither of these is sub-metered for water or Electric or Gas.

1. Who is the most efficient (considering quality/cost) company to work with for submetering/billing these 9 units out? I am in downstate Illinois.

2. I have contacted Guardian, but  I received no response. Sounds like a lot of work to submeter them myself. 

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409
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Stanley Parsley
  • Investor
  • Chandler, AZ
214
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409
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Stanley Parsley
  • Investor
  • Chandler, AZ
Replied

sub metering

I'm not sure if it pays off but it makes it nice if the utilities are occupied paid that way each unit is metered

I have a little duplex I'm going to submeter but it is a lot of work and permits are crazy

I'm doing it for the resale value not the utilities because the tenant is paying those in there names

water and gas are usually easiest if the units are piped individually but the power can be a nightmare depending how they ran the feeds to the apartments

enjoy

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