Many savvy investors have turned to the buy-to-let property market to secure a passive income as part of their investment portfolio. However, when managing your tenant becomes time-intensive or even combative due to utility disputes, the downside of these investments can outweigh even the healthiest of yields.
Installing prepaid sub-meters can significantly reduce the administrative burden of managing rental properties, whether freeholding or in estates. For property owners, body corporates and property managers, installing a prepaid electricity or water sub-meter can be a life-changer.
What are prepaid sub-meters and how can they help?
Finding fairways to pay for shared utilities in multi-tenanted properties is a perennial headache for owners and tenants alike. Lack of information leads to a lack of trust on all sides. Disputes over electricity bills are a major problem in the property sector and they cost everyone a lot of time, money and frustration.
This story is from the March 2020 edition of Leadership.
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This story is from the March 2020 edition of Leadership.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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