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Forums » Rental Property Questions & Landlording Issues » Submetering MFH properties

Submetering MFH properties Subscribe to Submetering MFH properties

12 posts by 7 users

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Real Estate Investor · Farmington Hills, Michigan


Hs anyone used submetering for MFH properties? If so what has your experience been like? How much is it cost and was it worth it overall?


Multi-family Investor · Rochester, New York


I didn't know a sub meter was possible. Here in ROC is is ~$500 for the permit and meter via the city. It can be done on a SFH for landlord use.


Real Estate Investor · Chemnitz, Saxonia


Only way is to contact 2 or 3 contractors for free estimate.

And yes it is worth especially in Michigan with very cold winter. You can make a win win after 4-5 years.

Maybe you can contact Jon he asked last month same question here.

-Uwe


Real Estate Investor · Farmington Hills, Michigan


Hi Guys,

Sorry I overlooked to clarify!

I was consideting submetering the water supply for each tenant in the MFH


Real Estate Investor · Chemnitz, Saxonia


Water sub is nice to have but not recommended.
What I told with gas/electric, get a estimate by 2-3 plumbers and calculate it. Then you will see if this good or not.

-Uwe


· San Diego, California


I tell everyone they should submeter!


Real Estate Investor · Cincinnati, Ohio


Brian -- how much did this cost you, and how do you administer the collection of the bill.

Telephone: 502-321-6328


· San Diego, California


It depends on the property. I have a 9-unit building that is read remotely so it cost about $450 per unit installed. I also have a duplex where I read my own meters, there the meters installed were about $175 each. The company handles all of the billing and collections, I just get a check each month.

Just to note I work for the company also.


Real Estate Investor · Farmington Hills, Michigan


Brian thanks for the reply. I have a duplex property and would like to get the meters installed there. So the total cost is likely to be $350. Is that correct?


· San Diego, California


You can find just the meters for about $75 with meter couplers. You could install them yourself or get a plumber to do it for about $100. You would need to read them yourself monthly and either create your own bills or use a submetering company to do the billing.


Real Estate Investor · Charlotte, North Carolina


are the utilities still officially in your name? if a tenant doesn't pay, are you still on the hook for it or is there recourse? do tenants have to pay a deposit like with city utilities?


· Flint, Michigan


Hello, I am sales manager for one of the largest submetering companies for the midwest area located in Michigan. It can be a great way to lower operating expenses and recover costs.
[Solicitation Removed]
Thanks!




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