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  • HMO & Multi-Lets

    Electricity costs in HMO

    Hi Mike

    If you have wired the HMO such that each unit is on its own circuit then you can go for sub-metering.  There is a new system which uses smart meters which allows the tenants to top up over the phone or the internet so you don't have to muck around with digi-cards or pound coins which you simply don't want to get involved with.   Works using the mobile phone networks.  You can either buy the meters from the internet - Steve Wales (the link above sells them) but they are pretty pricey and then you have to pay them quite a chunky annual subscription.  Still less of a pain in the backside than digi-cards and coin meters.

    But I got mine from Landlord Metering https://www.landlordmetering.com for a £150 refundable deposit per meter.  They had a special offer where they paid for my installation, and they run the whole show - doesn't cost me anything - in fact they are even paying me a small amount..  

    My tenants seem to quite like it - but what they are paying is most reasonable although I am sure that they would prefer it to be free. 

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