How prepaid meters can take the shock out of holiday rental utility bills

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It’s a fact that prepaid electricity sub-meters can assist landlords and property management agents, including those that focus exclusively on holiday rentals, to work smarter by preventing disputes on utilities bills.

A prepaid meter is a device that helps the user control and regulate the usage of electricity. It works much like a prepaid cellphone, whereby you pay upfront before you use it, therefore eliminating large unexpected monthly bills.

Additionally, and perhaps even more pertinently for the holiday market, these sub-meters can assist in making sure that temporary tenants don’t swallow up all the profits by consuming electricity, thereby causing an exorbitant energy bill during their stay on an all-inclusive expenses basis.

A good holiday rental manager works with their clients to create a tailored solution that’s designed especially with the unique property in mind. Such a manager is always aware that the holiday rental property represents an investment for the owner, and that working together as a team will produce a win-win situation all around.

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Here are some useful points to ponder:

• Installing a prepaid electricity sub-meter will assist landlords and their property managers to work together in measuring and monitoring electricity consumption.
  
• This helps to ensure that the short-term tenants don’t create headaches in the form of unforeseen bills.
  
• However, it also helps landlords to learn about their target market and plan more effectively to meet their clients’ needs, including reasonable price-setting for the future.

By letting a prepaid electricity sub-meter take care of the economics of the provision of electricity – arguably one of the most basic of amenities that holiday makers would expect – this frees up the landlord and the holiday rental agent to focus on planning around the creation of a premium stay for their guests.

And so, taking this into account, why not consider installing a prepaid electricity sub-meter for your holiday rental property? Whether you are a landlord or a manager, it will be of benefit to you both during the 2020 December holiday season as well as for all holiday seasons in the future.