Owning rental property in Boston comes with unique challenges and opportunities, especially when it comes to managing utility costs. One effective way to boost your return on investment (ROI) and encourage responsible water usage is by installing a submeter for each rental unit.
Why consider a submeter?
A submeter is a device installed to measure water consumption for individual units in a multi-family property. Instead of dividing the water bill among tenants or absorbing the cost as a landlord, each tenant is billed for their actual usage.
This approach offers several compelling advantages for Boston property owners.
Benefits of installing a submeter
- Increase Your ROI: With submeters, tenants pay for their own water usage, significantly reducing your overall utility expenses. This not only lowers your operating costs but also creates an opportunity to adjust rental rates more competitively.
- Encourage Conservation: When tenants are responsible for their own water bills, they’re more likely to use water wisely. Submetering has been shown to reduce water consumption by up to 30 percent, which benefits both your bottom line and the environment.
- Attract Quality Tenants: Modern renters appreciate transparency and accountability. By offering individually metered utilities, you appeal to responsible tenants who value fairness and sustainability.
- Simplify Billing: Submeters streamline the billing process and eliminate disputes over shared utility costs. Tenants receive accurate bills based on their actual usage, which reduces confusion and administrative hassle.
- Comply with Local Regulations: Boston’s rental market is competitive and regulated. Installing submeters can help ensure compliance with local ordinances and best practices, protecting your investment and reputation.
How to add a submeter
Installing a submeter requires the expertise of a licensed plumber familiar with Boston’s codes and building requirements. The process typically involves assessing your property’s plumbing system, selecting the right submeter technology and ensuring proper installation for accurate readings.
It’s also important to communicate the change to your tenants. Providing clear information about how submeters work, how billing will change and the benefits of conservation can foster a positive relationship and minimize confusion.
Some landlords also use this opportunity to upgrade other plumbing fixtures, further increasing water efficiency and property appeal.
Choosing the right contractor is essential for a successful installation project. With Plumbers 911 Boston, you gain peace of mind knowing your property is in expert hands and that all work will meet local codes and standards. Our referral service is designed to save you time, reduce risk and maximize your ROI.
Why choose Plumbers 911 Boston?
At Plumbers 911 Boston, we connect property owners with a network of licensed, insured and thoroughly vetted local contractors. Our professionals have extensive experience in submeter installation and can guide you through every step – from planning to compliance and ongoing maintenance.
Adding a submeter to your Boston rental property is a smart investment that can increase your ROI, promote water conservation, and simplify utility management. Our trusted network is ready to help you maximize your property’s value and efficiency.
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