I find when meters are fitted the electric usage in the whole property almost halves compared to the electric the property previously used. If you fit pre pay meters you need to be observant..
I feel like I am the soldier marching correctly and everyone else is out of step over this. Energy efficiency measures, in my experience, does nothing to save anything in the cost of heating a HMO property where the landlord provides 24/7 central heating. I pay for the heating in the 140 HMOs I operate and I am perhaps in position that most landlord are not..
If you wish to charge each tenant for the electric they use in their room, then you can fit electric sub meters which can be Metro Prepaid, credit, coin or card operated. The landlord pays for the supply to the house and resells the electric to the tenants by collecting the money from the electric sub meters if coin operated or by selling the tenant’s electric cards.
Bills Included refers to the practice of managing the cost of utilities like electricity by bundling them into the rent or the pitch fee. Additional fixed recoveries are another option. .
These questions and answers are taken from his booklet called HMO PREPAY METERS: Everything You Want and Need To Know About Fitting Prepay Meters in HMOs...
Do tenants abuse the sub meters? Unfortunately, albeit very occasionally, some tenants bypass the meter or run extension leads from the communal areas to steal electricity. When I catch tenants running extension leads, I will remove them and leave a note stating...
We might start to see more individually metered rooms which some forward-thinking HMO landlords have been installing for years. However, it will be the communal heating costs that will still need to be picked up by the landlord.
What can you charge for electricity when using electric sub meters? With prepay meters, you set the charges as you wish but by law you are not allowed to make a profit. For fairness, I keep the charge for electric at less than the highest tariffs being offered by suppliers..
Metro Prepaid has officially launched in Ireland to further the mission of adding convenience and helping landlords collect utility payments from tenants using electric sub meters. The launch of Metro Prepaid’s electric sub meters in Ireland is a positive step towards..
This is the second part of a series of articles where we continue to explore the experiences of Jim Haliburton, known as HMO Daddy, who installed Metro Prepaid electric sub meters in his properties, sharing insights and lessons learned along the way. He is an experienced landlord with over 100 HMOs and 1000 tenants.
Electric sub meters are popular in HMO buildings as a way to accurately track individual energy usage and allocate costs fairly. However, while these landlord meters can bring many benefits, they can also pose challenges for owners and tenants alike. In this series of articles, we will explore the experiences of Jim Haliburton, known as HMO Daddy, who installed Metro Prepaid electric sub meters in his properties, sharing insights and lessons
Electric sub meters are a great tool for landlords to monitor and bill their tenants for their electricity usage. These sub meters are installed on the main electrical supply of a building and measure the amount of electricity used by each individual unit or tenant. This allows landlords to charge each tenant based on their individual usage, rather than dividing the total electricity bill among all tenants.
As winter approaches amid rising energy costs, many of us will need to take steps to save on electricity costs. You may want to consider installing electric sub meters as a way to reduce your energy costs. The UK is currently in the middle of an energy crisis, which is a key driver of the cost-of-living crisis now hitting households.
The 2022 National LIS Awards shortlist has been announced and Metro Prepaid is excited to be part of the list. The National LIS Awards is organised by the National Landlord Investment Show and celebrates excellence & professionalism in the private rented sector.
The National Landlord Investment Show is the UK’s Number One landlord & property investment exhibition. Their shows connect thousands of property professionals throughout the UK and are a beacon for anyone with an interest in buy-to-let or the private rented sector.
Energy bills have been going up and will go up even further. Government ministers promised a £400 support package to help struggling families going to "every household". This claim has been widely repeated in the Press. But it is not true..
We are pleased to announce that Metro Prepaid UK has been nominated for the 'Best HMO Technology Supplier' at the HMO Awards 2022.
Jim Haliburton Answers Everything You Want And Need To Know About Fitting Prepay Meters in HMOs. These questions and answers are from a HMO Daddy publication and if you have further questions you can ask Jim Haliburton for free.
The government energy regulator, Ofgem, announced that there's going to be an energy price cap, which confirms that it will increase by a massive 54% or equivalent to £693 per annum from the first of April 2022. Whether you're a homeowner/ landlord, HMO owner or you're living in a property with your family, it means that there's going to be an additional cost or an increase..
Metro Prepaid has developed an efficient way for UK Landlords to manage electricity usage and collect payments from tenants. Metro Prepaid electric sub meters are suitable for a range of residential...
I know people are really concerned about energy prices because the cost of energy is going up through the roof, so I am going to tell you how you can significantly reduce or eliminate your energy costs by fitting..
There will be some landlords who will not really take much action on this and will therefore just absorb it as another cost and as part of the operation. Ultimately, the owner will now be reducing their cashflow by £693 per annum, which calculates as £57.75 per calendar month.
I know people are really concerned about energy prices because the cost of energy is going up through the roof, so I am going to tell you how you can significantly reduce or eliminate your energy costs by fitting..
Please note: you need to get a trusted local electrician or a technically competent person for the electric sub meter installation according to regulations.
Are HMOs more energy efficient per unit of accommodation than single residential dwellings? Anecdotal evidence suggests that by optimising the use of space and sharing certain usages of energy, they are. Environmentally aware landlords might choose to..
Metro Prepaid was part of the festivities at UK's leading construction and design show, London Build, this year as it returned to the Grand Hall at Olympia London on the 16 - 17 Nov 2021. We had an exhibition stall where we showcased our electric sub meters for landlords and tenants.
London Build 2021, the UK's leading construction and design show is returning to the Grand Hall at Olympia London and Metro Prepaid is one of the exhibitors. We have put together a list of companies whose services may be useful to landlords and their properties.
HMO Daddy, Jim Haliburton, has been a full time property investor and owns J9 accommodation for over 25 years. He has used Metro Prepaid electric sub meters for his HMOs’s landlord electricity...
Prepaid metering for electricity has been used for the best part of a century, with reports suggesting that, at their peak, 1.5 million coin meters existed in the UK.
We are proud to announce that Metro Prepaid will be part of this year’s London Build Expo 2021 as one of it’s exhibitors. Our exhibition stand will be amongst hundreds of useful businesses showcasing their products and services.
So you have just installed a Metro Prepaid electric sub meter for your tenants as a landlord or you may be an electrician that installed the sub meter and you're wondering where should the tenants buy electricity?
Why would a landlord buy a Metro Prepaid MET004 Split Sub Meter? If a landlord wants to lock up the electric sub meter on their property and only give the tenant access to the keypad...
We're going to look at the differences between a credit meter and a Metro Prepaid electric sub-meter. What are the differences? Which one should you use if you're a landlord and want to buy a sub meter for your tenants?
So you as a landlord or electrician have just bought a Metro Prepaid electricity meter from your local electrical wholesaler and you want to know how to register these electric meters?
We're going to look at the differences between a regular old card meter and the Metro Prepaid sub meter and let's see what are the pros and cons of using them and which meter would you choose as the landlord.
Do you own an HMO? If so, are all the bills included? are you including electricity? Are you including the gas and central heating? And is that having a negative effect on your cash flow?
An electric sub meter provides an innovative and cost effective way for landlords who have subdivided houses, offices or factory buildings...
Restricting access to an electric sub meter removes the opportunity for unscrupulous tenants to add wiring that by-passes the landlord meter allowing them to use power without paying for it...
Efficient management of electricity bills benefits not only the tenants but landlords too...
Some landlords are cutting their install costs by as much as 75% with pre-pay electric sub meters...
If you haven’t yet installed Electric Sub Meters into your properties you may be interested in some of the considerable benefits they bring to both the landlord and the tenant…
How electric sub meters reduce costs versus coin and card meters...
Landlords with tenants should contact their electrician for advice. Prepaid sub meters are available from most electrical wholesalers...
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