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Increasing cashflow margins through utilities
I am thinking about changing forced hot water baseboard heaters to electric baseboard heaters to have tenants pay for their own heat since this is a large expense in Northeast US. Have others done this? Were significant reductions in cost seen?
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Dennis M.
#5 General Landlording & Rental Properties Contributor
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Don’t you have natural gas heat available
Electric baseboard is really expensive and tenants know this . Once they get a 300$ bill around the holidays they will be searching the for rent section on Craigslist