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Updated over 3 years ago,
Tips for including utilities
I'm renting to a student market and am targeting out of state and international students with a fully furnished apartment, down to kitchen goods. This bumps my rent up by a minimum of $480 per month if utilities are included and the unit is rented out on a per-door basis, because this demographic fears financial uncertainty over all. (I will test to see if I can get $540 per month more--it's likely but not certain.)
Because this is a student market, I can be a bit more controlling than you can be with regular tenants. I have a nicely framed sign saying what shouldn't go down the kitchen drain, for instance. So this is what I'm in the process of implementing as I transition to this model over the next few years. Tell me if I miss anything!
This unit has an electric water heater, so the main concern with water is specifically HOT water.
This is out of town for me, in a southern state that's an AC-dominant area.
- Turn washer spin speed up to the highest setting because they're unlikely to change it.
- .5 GPM aerator on bathroom faucets
- 1.25 GPM aerator on kitchen faucet
- 1.25 GPM showerhead
- 1.28 gp-flush toilets--I'm only replacing them because they're the horrific 90s toilets that clog CONSTANTLY, as the water savings will literally never pay off
- New tub spout diverters because the current ones leak around the edges badly
- Y-splitter on top load washing machine to connect the washer only to the cold supply (it's not a high-efficiency, so it cleans well at any temperature)
- Smart thermostat with 74 degrees minimum cooling temp and 71 degrees maximum heating temp until 10 pm, dropping to 68 degrees until 6am
- Alarms on doors and windows that alert me if either is left open while the heat or AC is on
- New windows, because the current ones are single panes in need of heavy maintenance and are already causing problems
- Possibly solar screens on two of the windows that get the most light, particularly a west-facing one