Electric Meter Swap

[Mike Hoefling]

I found out this week that the previous landlord was paying for one of the tenants electricity, maybe unintentionally because the electric meters are mixed up. The previous landlord use to live in that particular unit so it's not unusual that the meter is set up that way. Now that I own the building I don't want to be paying for my tenants electric bill, is it worth getting an electrician to come in and switch the metering? What should I expect to pay for something like that, $1000? Or do I just leave it and bump the rent some to cover the electricity bill.

Any thoughts?

Mike