Going from Steam Boiler to Electric Baseboard Heat - Triplex

[Pete Fiannaca]

Hey Folks - Looking for some advice here...

I have a property with a single steam boiler and three apartments spread out on three floors of the building. I currently pay for the utilities but, without fail, I'll drive by the house during the winter and see windows open because the tenants are too ____________ to bend down and adjust the individual radiators in their apartments. There is currently one thermostat for the whole building located on the ground floor in apartment 1.

I know there's no good way to split the gas utility in such an old house, so I was exploring the idea of installing electric baseboard heaters and simply splitting the electric utility for the tenants to pay for themselves. I realize that gross rents would likely fall, but I would also stop paying the stupid gas and electric bill that comes every month!

Looking for some general thoughts. Bad idea, good idea. Worth exploring? Can I cut costs by approaching my steam boiler with a different strategy? Wifi thermostat? I'm open to new ideas!

Thanks,

Pete