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Updated almost 12 years ago on . Most recent reply

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Jon K.
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If you're paying utilities, what do you set the thermostat at?

Jon K.
Posted

For winter?

For summer?

I read that most offices set their thermostat at 72.

Around here, 72 in the summer gets expensive even in the summer.

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David Krulac
  • Mechanicsburg, PA
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David Krulac
  • Mechanicsburg, PA
Replied

Jon K.

MY goal is to not pay for anybody's heat unless they're married to me or related to me by blood.

I also don't want to pay for their electric, and it would be even greater if I didn't pay for any of their utilities.

But I don't always get what I want.

The last 3 multi-unit buildings that I bought had one furnace/boiler, and the LL had to therefore pay the heat.

In one building there were already separate metered natural gas lines into each apartment line. But the only appliance off those lines was the gas range. Not any more! I was paying the heat and the hot water for the building, and the heat equipment was about 70 years old. Time for retirement. I installed a new nat gas boiler and HWH for each apartment. I reduce the tenants rent by $50 a month ($600 a year). When there was a vacancy, the new tenant was raised $50 back to the old rent. The payback was 2-3 years. After that all gravy.

In the next building to save some money I kept the old furnace in place but cut the heat to the other apartments except one. That tenant now had the old furnace to them selves and started to pay their own heat. I also installed new gas HWHs for each apartment, and there was also existing metered nat gas lines into each apartment only for the gas range. I also separated the electric and installed new 100 amp service for each tenant. We ended up with all new tenants, who were paying the same rent as the old tenants, except free heat, hot water and electric were NOT included in the rent. Payback period about 3-4 years.

In yet another building, when bought had one oil boiler and one electric HWH. Both of the equipment were relatively new, having been replaced in the last few years. Kept the existing equipment for 1 apt. Contracted with gas co. to install new gas line, which required tearing up the street, 2 flagmen and a policeman directing traffic for the disabled traffic light down the block. The gas co. paid for all those costs and permits. Lower each tenants rent by $50 month. And for the tenants getting new gas heat and new gas hot water heaters, threw in the bonus of new central air. Payback period 2 years.

Currently have a building that I'm working on converting to individual heat, and have some other places where there is common heat and they can't be converted, so I don't have a perfect, I don't pay anybody's heat but I'm working in that direction.

And for the record, that's just another reason why I like single family rentals, those tenants ALWAYS pay their own heat, hot water and electric.

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