Increase Your Profits With Prepaid Electricity Metering

electricity
Metering of electricity with secondary prepaid electricity meters is an excellent way for property investors, landlords and letting agents to avoid the risk of having to pay electricity utility bills, when tenants don’t pay.

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

Sean Wheller, a Johannesburg Inner City property investor, has fitted Prepaid Meters from to all his rental units. Wheller had this to say about his experience with the meters, “When I installed prepaid meters it was with the view of reducing risk. The meters achieved this. Then, with time, I found that the number of disputes over electricity bills was completely eliminated. With fewer disputes, our tenants have been more satisfied with our services. Soon after, we noted that more of our tenants were renewing their leases. Normally, most tenants would not renew. I am convinced that the improvement relations has been brought about because of the prepaid electricity meters and, as a result, is one of the main reasons more tenants are renewing their leases.”