Electric Vehicle Chargers

[Christopher Bell]

What do you think about putting EV chargers into each of your units? I’m trying to figure out if they matter. I’m trying to cater towards higher end rentals. Cost is about 3k to put in per unit with the chargers, 1.8k with just nema outlets. Or no EV chargers. Any thoughts on this? Can you point to any benefit data is available with EV?

[Greg R.]

Assuming the renter pays utilities it might make sense. I look at this through a very simple lens. Will I be able to charge more for a rental w/ a EV charger? If so, then how much more? If the answer is no, then that's your answer. If its something like a STR and I'm paying the utilities, there's no way in hell. Especially if the unit is in California where electric is sky high.

Edit: You can survey the market through zillow, craigslist, etc., to see if rentals with an EV are commanding higher rents. Or, maybe in your listing you can offer something like "x" without and EV charger, or if I install one $100-150 more per month.