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Updated about 4 years ago,
Bundling utilities into rent?
Hi all. I'm considering rehabbing a rental property to make it as energy efficient as possible, including replacing appliances and converting the kitchen to induction - which could (in an ideal world) bring down energy costs to almost zero. If I were to ensure zero to very minimal utility costs, I could then market the property as "all utilities included" and assume the utility bill myself. Do you think this is a compelling marketing tactic to attract renters? Would they pay a small amount over market rent if they knew they'd be saving money in the long-term by not paying utilities every month?
Just wondering if this could be a sound marketing tactic for renters! Appreciate all insight and thanks!