Technopark

Metering electricity with secondary prepaid electricity meters is an excellent way for investors, letting agents to avoid the risk of having to pay electricity bills, don’t pay or one is faced with constant disputes on electricity bills.

However, field shows that prepaid electricity meters also have other benefits. Customers electricity meters, in their rental units, are telling that one of using prepaid meters is that they are directly reducing their tenant turnover.

When meters it was with the view of reducing risk. The meters this. Then, time, landlords found that the number of disputes over electricity bills eliminated. With fewer disputes, our tenants have been more satisfied with services. after, noting that more of our tenants were renewing their leases. Normally, tenants would not renew.

Landlord are becoming convinced that the improvement about because of the prepaid electricity meters and, as a result, main reasons more tenants are renewing their leases. There was no properties other than the addition of the prepaid meters in certain areas, the sudden the vacancy rates are dropping and so is the year.

Building a good tenant base is a key factor for real agents alike. They want to keep good tenants for as long can. more good tenants an investor or letting agent has and the tenants, the more profitable their buy-to-let or letting operation is.

Costs of are one of the main costs that chew into the profit period. When a rental unit has a high tenant turnover, these amortized over the period of each lease agreement. It stands to and letting agents can reduce their tenant churn, that they will vetting costs, and the overall profit from the rental lease will increased.

Field conducted shows that tenants residing in rental units fitted with a meter, generally happier with the financial arrangement of electricity bill. The main is that, because of the meter, they are able to monitor they are consuming.

Tenants also point out that they like knowing spending as they are paying in advance and do not have large electricity bill at the month end.

Sean Wheller is the founder www.PrePaidMeters.co.za, PrePaid Electricity Meters provider in South Africa, dedicated to create for the benefit of the tenants and landlords.

Filed under: Electronics and