“Going Green” Yields Long-Term Savings
“Going green” and conserving energy as a landlord is a process that may seem complex and expensive yet is neither. A few environmentally friendly upgrades and investments will soon pay for themselves. While you reap the monetary savings, you also get the satisfaction of knowing you’re doing your part to help the planet. Consider the services of an energy auditor. Energy auditors will find locations where efficiency can be improved. Areas, for instance, where heat escapes in the winter and causes the bill to skyrocket. Contact your utility company before paying for an energy auditor. In some cases, the utility may provide the service free of charge or at a discount. For business owners, the Federal Business Energy Investment Tax Credit is a perfect way to go green. You can get as much as 30 percent of your expenses as a tax credit, based on what technology you choose. Heating water, producing light, and even heating a house are all scenarios where the technology will come in handy. The credit is valid until 2022 but may be lower the longer you wait. If you can stick out the investment, solar power will eventually yield savings. It may take years to recoup the costs of your solar panel investment. Solar panels, however, are becoming progressively less costly and the return on investment is rising as a result. Consider aerator technology for bathroom and kitchen sinks. Aerators, thanks to the fusion of water and air, produce a no-splash stream. Residents enjoy high water pressure without excessive water consumption.
This update is by Livo, a rental optimization platform aimed at providing you with a robust revenue enhancement tool. With Livo, you can maximize rental yields, accept and manage multiple offers and offers, and enjoy better retention. Livo targets rentals with the greatest odds of receiving a multitude of offers, and those with the best locations, features, configurations, and more. Please call 833.333.5486 today to learn more.