Appraiser · Columbus Ohio · Member since 2018 · 1 post · 1 vote
Looking for some help/guidance. We are purchasing a property in Columbus, Ohio that is already submetered and managed by Guardian but they will not continue services as we are "too small". We have looked at a few submetering companies, however, most are too expensive for our duplex and we don't have enough scale to make it financially feasible. Looking for an easy way to read the meter and bill accurately. I am a novice but maybe it is as easy as simply reading the meters ourselves and allocating the bill based on usage, but I am not sure if it is more complex than this. Thinking I can make a simple spreadsheet with the meter reads and go from there. Appreciate any help on this!
Looking for some help/guidance. We are purchasing a property in Columbus, Ohio that is already submetered and managed by Guardian but they will not continue services as we are "too small". We have looked at a few submetering companies, however, most are too expensive for our duplex and we don't have enough scale to make it financially feasible. Looking for an easy way to read the meter and bill accurately. I am a novice but maybe it is as easy as simply reading the meters ourselves and allocating the bill based on usage, but I am not sure if it is more complex than this. Thinking I can make a simple spreadsheet with the meter reads and go from there. Appreciate any help on this!
Developer · Missoula, MT · Member since 2016 · 46 posts · 29 votes
3y
I have installed Next Century submeters in my new construction builds. For a minimal annual fee a monthly usage spreadsheet is emailed to you. The systems use wifi or cell signal to transmit the data. A retrofit install of these should be fairly straightforward for a plumber. You just need power somewhere near the meters.
Looking for some help/guidance. We are purchasing a property in Columbus, Ohio that is already submetered and managed by Guardian but they will not continue services as we are "too small". We have looked at a few submetering companies, however, most are too expensive for our duplex and we don't have enough scale to make it financially feasible. Looking for an easy way to read the meter and bill accurately. I am a novice but maybe it is as easy as simply reading the meters ourselves and allocating the bill based on usage, but I am not sure if it is more complex than this. Thinking I can make a simple spreadsheet with the meter reads and go from there. Appreciate any help on this!
Real Estate Agent · Columbus, OH · Member since 2020 · 449 posts · 471 votes
3y
@Collin Marton A lot of longterm landlords usually cover the water bill that comes quarterly but it would probably be more feasible to add a water fee into your leases. You could ask the water company to give you the water bills over the past year to come up with an average per unit.