We’re flexible, but generally the best accounting approach for submetered properties is to pay the electricity savings out as electricity commissions income to the real estate holdco. For a typical submetering vendor, the tenants’ utility bills remain unchanged.
Protect margins and optimize asset values
As every commercial investor knows, a dollar added to net operating income translates directly to the property value. In an area with a 5% cap rate, each $25,000 saved adds $500,000 to the property value.
Property-wide backup power
- While current building permits require backup power for elevators and other common elements, our solution extends up to 12 hours of backup power to the entire property, letting your tenants make their coffee in peace during a grid outage.
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Occasionally a power outage reveals a technical issue with your generator. In this case, having a battery bank gives property managers time to perform maintenance, while enterphones and door fobs, fire sensors, garage doors, and elevators work smoothly.
Eligibility
We accept multi-residential properties with 50 units and above within Ontario. If you have multiple properties, send us a list and we’ll try to squeeze in the smaller ones.
