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General Landlording & Rental Properties

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Andrew Eberhard
  • Ottawa,Ontario, Ontario
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How to incentivize tenants to use less utilities?

Andrew Eberhard
  • Ottawa,Ontario, Ontario
Posted May 16 2014, 11:21

I am currently looking into a duplex that unfortunately is not separate metered and has electric baseboard heaters. As anyone who lives on Ontario, Canada will know energy costs are now extremely high and it's really cold in the winter! Which brings me to my question, if I was to purchase this property, is there anyway of creating an incentive for the tenants to turn down the heat and use less? Thus lowering my cost of utilities and increasing cash flow :)

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