Updated almost 9 years ago on . Most recent reply

Should I install seperate electricity meters?
Hey,
So I am looking at a 22 unit deal in Lakewood, WA. Going through the numbers I noticed that the building currently has one master meter for electricity, which the owner pays for out of pocket. Does anyone have experience with going from a single electric meter to multiple? It seems to me that the costs associated with this would be astronomically high? Would anyone recommend doing this as a value add play?
Thanks in advance!
Hans
Most Popular Reply

Find out what is common in the market. If you are the only one charging for utilities it could be a hard sell. If some or many of the properties are having the tenants pay, then it may be a viable value add. Most likely you will have to lower the rents some when you first implement the change.