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Updated over 3 years ago on . Most recent reply

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4
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Brandon Miquelon
  • Denver, CO
2
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4
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Submetering in Denver

Brandon Miquelon
  • Denver, CO
Posted

I just purchased my 1st home in Denver and am mid-renovation (it's been a brutal one). I will have 3 units and I will be living in 1 of them. As I prepare for tenants, I'm starting to think about utilities. Can anyone provide some suggestions on sub-metering? I couldn't find any readily available services for small properties (mine is technically a "house hack" because my property is a SF residence with a mother in law suite and a separate carriage house. i'm small potatoes to bigger companies), so I'll need to install my own water and electrical submeters. any suggestions?   i was just looking at Bluebot, and that looked simple enough for water. Any other favorites of BP investors?  All tips and recommendations are gratefully appreciated.

i'm new at all of this. like seriously, i was youtubing how to change out drill heads on my ryobi when i closed on this house. so i apologize for my ignorance. this whole process has been a humorously violent exercise in humility🤣

Most Popular Reply

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44
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19
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Ian K.
  • Real Estate Investor
  • Denver, CO
19
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44
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Ian K.
  • Real Estate Investor
  • Denver, CO
Replied

Why not just do RUBS, ratio utility billing system, which just means you divide the bill by the number of people using the utility.  Or to even make it easier charge a flat rate that will cover the utility for the month.  I do this on some of my rentals where the houses are not sub-metered.  I charge $15 per person for water for one property and $75 for a flat water fee for another house.  If you want to split the electricity make sure you contact xcel before you do anything.  I had an issue where the city inspector approved my permit but xcel didn't like how it was connected and I still had to change it

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