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Updated over 4 years ago on . Most recent reply

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405
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Davon Lowery
  • Investor
  • Whitttier, CA
110
Votes |
405
Posts

Water meters, power meters?

Davon Lowery
  • Investor
  • Whitttier, CA
Posted

I was recently at a payment center for my local water and power company and I began a discussion with an RE investor and he was outraged at how his tenants were consuming water. This landlord, I kinda felt his pain, said his bills were dynamic monthly. The bills ranged from 2k down to $700 bucks, he just had no way to predict what his bill was going to be every other month.

He pleaded with the cashier/worker to help him find a way to save money; naturally, the water worker said that they were powerless to help him. Add insult to injury the guy was a plumber by trade, he said he could get the meters cheap but, the total cost is upwards of 4k each, he has a 4 units all on the same meter (ouch).

So, my question is, what would you do, as a landlord/investor? I wont bias your opinion with my own.

Most Popular Reply

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6,876
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7,436
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,436
Votes |
6,876
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

here are water meters for sub metering for less than $ 200.00

http://www.flows.com/residential-water-meter-no-le...

Submeter each unit bill the tenant for water used . 

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