Lowering Utility Costs

[Paul Smith]

I'm in escrow to purchase a 6 unit apartment building in Ohio and I noticed the sewer and water costs were 73% of the total monthly expenses. Is there a way to lower those utility bills? Perhaps I could pay to have a system installed of some kind to be more efficient? Any help with this would be greatly appreciated. Thanks!

[Jimmy Chao]

You can install low wattage led lights. Make sure appliances are energy efficient. Install motion sensitive lights in common areas and bathrooms. Check on the efficiency of the cooling and heating systems. This are you biggest energy consumers. For water, it only costs a few hundred bucks to install low flow showerheads and even low flow faucets. In an 6 unit property. This should save you about 5k a year