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Updated over 4 years ago on . Most recent reply

User Stats

19
Posts
3
Votes
Patty Yang
  • Investor
  • Seattle, WA
3
Votes |
19
Posts

Getting Feedback - easier rental management with utilities!

Patty Yang
  • Investor
  • Seattle, WA
Posted

Hey everybody, I'm exploring whether this concept would be helpful for anyone who househacks, owner occupies and rents out, or rents their own property. Feedback needed on whether this is a problem for you, whether you would pay for a service like this and how much would be fair to you if you did pay?

Concept link below:

Rental Utility Management Software

Bonus: 

I'd also love to know what methods do you all use for autopay with rent. Do you think an assistant that sorts your utilities every month would be useful even if it was a separate portal than what you use for rent payments?

Thanks!

-py

Most Popular Reply

User Stats

706
Posts
2,280
Votes
Michael Haas
#2 Buying & Selling Real Estate Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,280
Votes |
706
Posts
Michael Haas
#2 Buying & Selling Real Estate Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

@Patty Yang cool concept - I think a lot of landlords would sign up for something like that. I also think the cost would have to be EXTREMELY MINIMAL, given that the alternative is just simple flat-fee utilities. I'm thinking $1.99 / month / property feel like the breaking point for me, where more than that and it would save me money just to flat fee the utilities and accept paying out of pocket for an occasional tenant overage. 

The technical component of having your service "Talk" with various different utility portals in various different cities and counties sounds like a nightmare though. I'd be surprised if there was a single utility company with a public API for you to plug into. The alternative is avoiding API's and direct connections in favor of some sort of manual process- but that is available to landlords already.

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HouseHack Seattle
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