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All Forum Posts by: Seth Borman

Seth Borman has started 5 posts and replied 545 times.

Post: Southwest Investors: Are water shortages a concern long term?

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314
Quote from @Phillip Dwyer:

@Seth Borman Not every property comes with water rights.  Often those are stripped away long before development similar to mineral rights.  

Very few existing houses don't have property rights. It happens but it is very rare.

Vacant land without property rights isn't a big deal, it'll just stay vacant until someone finds some water.

Post: Energy saving for cabin in Pigeon Forge.

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314

I haven't done either yet, but for the water heaters I would be looking into heat pump water heaters and drainwater heat recovery. I've seen people that slashed their energy usage for water heating by 90% that way.

Post: Southwest Investors: Are water shortages a concern long term?

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314

People don't use a lot of water, growing hay, cotton and alfalfa in the desert uses a lot of water. It's a non-issue in the grand scheme of things, and if you really are concerned consider that you get water rights with every house you buy. If we were to run out of water... existing buildings will still have access to it while hook ups will not be permitted.

When water does get hard to find people might start pretending to care about it. Most domestic water use in Arizona is for pools and landscape irrigation.

Post: Gas Stoves to be prohibited in New Builds - California

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314
Quote from @Bill B.:

And yet the only people in America paying more for electricity are Hawaii and Alaska? When does the cost savings kick in?


 They start when you don't have to pay $4,000 to $10,000 to install a gas meter.

Post: Gas Stoves to be prohibited in New Builds - California

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314
Quote from @Bill B.:

Yes. Especially during blackouts. Their electric grid is already overtaxed before they try to force everyone to buy electric cars. I don’t know if there is a worse use of electricity than heating. Ask people on the east coast about the cost of electric heat. I wonder if this will help prop up used home values. Though new home sale are probably a tiny fraction of sales. I assume the rich will just pipe in gas stoves after the fact. 

Of they were serious they’d ban BBQ’s, gas lawn equipment and pets. Today there’s still too much push back,but I assume they’ll get there. This remind me of their requirement that all homes be built with battery back up garage door openers so people who couldn’t figure out how to manually open their garage door could still get out. I wonder how much electricity they would save fi they banned powered garage door openers?


The blackouts aren't caused by excess demand, they are caused by the need to prevent wildfires.

EVs charge at night, if anything adding them to the grid will increase utilization and spread costs out and lower prices by allowing the same capital expenditure to serve more customers.

"The rich" aren't going to get a gas hookup. I suppose they could do propane. More likely they will do induction.

No one cares about the East Coast because we don't have East Coast weather. The lowest temperature ever recorded in Los Angeles is 29°. Heat loads in California homes are so low that the water heater uses as much energy as the furnace. A mini split will use less gas than a furnace will, even if your power plant is gas fired.

Post: Gas Stoves to be prohibited in New Builds - California

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314

My own home (which I recently sold) has a gas stove so I ran a wire and installed an electric so I wouldn't have products of combustion in my house.

So... this is a good thing.

Post: Low flow toilets and shower heads to reduce water use?

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314

Toilets and showerheads make sense. Never noticed an additional requirement for plunging. Water use in stabilized properties was up to 90% lower. Some of that was leaks.

Post: Market energy efficient rentals/build in costs to monthly rates

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314
Quote from @Jeremy Britt:
Quote from @Seth Borman:

These threads are always fun because you find out which landlords have never been stuck with a utility bill on move out.


 Seth,

What are your thoughts regarding the original post?  Do you believe this a viable opportunity? 

Unless you can offer a new amenity I don't think you can push rents with efficiency. It's still a best practice.

I did pretty well on adding heat pumps to some apartments because I added AC and pushed rents by $100/mo.

Post: Market energy efficient rentals/build in costs to monthly rates

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314

These threads are always fun because you find out which landlords have never been stuck with a utility bill on move out.

Post: What Did You Do To Reduce Your Water Bill For Your Multifamily

Seth BormanPosted
  • Rental Property Investor
  • Phoenix, AZ
  • Posts 553
  • Votes 314
Quote from @Joe Splitrock:

Master metered apartments are cheaper than the same number of doors as single family. At the same time, water in California is ridiculously cheap. If you do some basic stuff to save water you can get the bills that low. I had the data to prove it at one point. We were getting apartments with bills as high as $200/dr and stabilizing them at like $22.