Heating for rental: Electric vs pellet stove

[Jorge Morales]

I am currently under contract on a property i plan on renting out long term. The property has electric baseboard heat in every room throughout the property. Yet in the dining room there is a pellet stove the previous owner used to use along with 4 huge pallets of pellets in the basement. I am unfamiliar with a pellet stove and i feel uncomfortable renting and having tenants use it since it may be a safety hazard also that seems like a fire hazard. Is it possible for me to remove it? If so, How much would that cost? Is it worth it to remove it? If anybody has had any experience with this i would like to hear about it and what is the best way to go about it. Thank you.

[Nathan Gesner]

Quote from @Jorge Morales:

Pellet stoves, particularly newer ones, are an extremely safe and cost-effective method of heating a home. They pump out a lot of heat and can warm the entire house. You can leave them running at night without having to load it like a traditional wood stove. 

Heating a home with oil will likely run more than $2,000 this winter. Electric baseboard could run $1,000 a more. A pellet stove may cost $300. You already have the stove and you already have four pallets of pellets, so you can probably heat the home for free this year.

It would be foolish to get rid of it.