Tenant Utility Costs

[Brad Z.]

I have a 3 unit building and all utilities are being paid by tenants. The tenants do keep it very warm but also pay for it. I have a large 3 bedroom apt and the tenant ran up a $500 electric bill! It is baseboard heat and I explained that if you keep the heaters on high 24 hours a day, its going to get expensive. In there defense, the building is 70 years old and full brick. The county has a program will they will insulate the building but the tenants have to submit the request and I just gave them the applications. My question is, should I upgrade the baseboard heaters to newer models that have thermostats or should I not worry about it because its tenant carelessness. I think the tenants are already getting heating bill assistance but is expense regardless. My ultimate goal is to not have vacancies but I dont want to spend a ton of $ if they aren't going to change there heating behaviors, advice? What heating bills do others see from baseboard heat?