|
Landlords Reach to Private Prepaid Electricity Solutions to Manage Risk |
|
In light of an impending 60% tariff hike in the electricity price, property owners are rapidly adopting privately owned, secondary, prepaid electricity metering solutions to help curb utility revenue collection risks on rentals.
In addition to collection of rent, landlords also have to collect revenues from tenants for utilities consumed. Unlike rental, which is due on a given date, utility collection is problematic in that utility bills are only available to landlords in the month following that in which the utilities were consumed by the tenant.
This means landlords must collect money for electricity and water in arrears, which exposes the landlord to the risk of having to collect required amounts before the bill is due to be paid to the municipality. In practice, this situation presents a risk to the landlord where the tenant may dispute the billed amounts with the landlord, or not pay as required.
|
|
Read more...
|
|
|
Increase Your Profits with Prepaid Electricity Metering |
|
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 PrepaidMeters.co.za that one of the interesting benefits of using prepaid meters is that they are directly reducing their tenant turnover.
|
|
Read more...
|
|
|
Prepaid Meters Scratch Card System |
|
Prepaid Scratch Cards are a solution suitable for large body corporate and property management companies. Prepaid Scratch Cards enable sustainable management of the revenue cycle associated with buildings, complex and town house schemes. Prepaid Scratch Cards enable electricity to be sold at any retail outlet, managing agent or body corporate representative.
|
|
Read more...
|
|
|
Better Electricity Bill Management |
|
Ensuring that tenants pay for the utilities they use is often a cause for concern and a troublesome task for body corporates and landlords. It's not uncommon to find landlords that are lumbered with having to pay utility bills for tenants.
PrepaidMeters.co.za, in conjunction with Ekhwesi, a leading developer of prepaid utilities management solutions is proud to bring to you a cost-effective and efficient solution to the problems of prepaid electricity in rental units.
While it is possible for body corporates and landlords to demand that tenants open the relevant utilities accounts, in many cases tenants are loathed to do so and will seek alternative accommodation above having to open municipally accounts. This problem is especially prevalent in low-cost areas where the typical tenant is non-affluent.
Our prepaid solutions provide a better way to buy electricity and manage both consumption and payment of electricity used in these situations.
|
|
|
