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Updated over 8 years ago on .

User Stats

19
Posts
7
Votes
Erich Martinez
  • Investor
  • Commerce City, CO
7
Votes |
19
Posts

Duplex Metering Resolution

Erich Martinez
  • Investor
  • Commerce City, CO
Posted

I found a duplex, but am reluctant to purchase because the water, gas, and electric are not metered.

I understand it can be expensive to setup a separate meter with the city, but am not sure the costs of gas and electric? I'm interested in the idea of sub-metering.  

I'm not familiar with what to look for in the unit to ensure gas/water/electric lines have ideal access points for sub metering accurately.  Also, how would these meters be read monthly?  I.e. If the meter could only be placed indoor, would someone need to get into the unit each month to read the meter, seems like a burden to the tenant.

Does anyone have experience in this area?  I am tech savvy and was thinking of a low cost internet solution to make the meters wireless depending on location.  This would also offer internet services for free to the tenant, I know this would be a fairly stable cost.  If inside, I could do the internet option, but adding outside is ideal to reduce cost and have the property management company read the meter.

Thank You,

Erich