Has anyone installed individual water meters?

[Paul Lombardi]

Hello-

After receiving a very large quarterly water bill(+$1000)on a three family in Quincy, MA, I am curious to get other investors input on installing individual water meters for each unit. I have read that if you get the tenants to pay for their own water own water, water consumption will go down.(makes sense)

Please share costs involved in doing such and what the tenants response was, did any of them move out b/c of this change?

Thanks in advance!

-Paul

[Victor Eng]

@Paul Lombardi @Karen Bickford @Joan L.

I have done this on a limited number of properties. One thing I have not seen mentioned is that you will be required to install water-saving devices on showerheads, replace toilets that flush efficiently, low flow faucets, which will be an upfront capital cost. On a standard triple decker - converting everything cost about $2k.

http://www.mass.gov/eohhs/docs/dph/environmental/s...

Hope that's helpful!!