Posted on: 12 September 2014
As a landlord, you have a lot of bills and responsibilities, but with the right strategies, you can minimize your bills and increase your profits. If you pay for the water to each of your rental properties, you should check out these strategies for lowering your water bill. These four ideas will help to put cash back in your pocket:
1. Address Leaks Immediately
Make sure that your tenants know how much water leaks waste, and get them to call you as soon as they see a leak. A single dripping faucet can waste up to 90 gallons of water each day. Ideally, you should have a plumber whom you can send to your properties as needed, and you should also have the plumber come by all of your properties on a regular basis to check for leaks or other plumbing issues.
2. Use an Automatic Sprinkler
Adding an inground sprinkler system is a great way to ensure that the lawn stays watered, without having to check up on the property each week. Automatic systems are more efficient than other watering options, especially if you use them correctly. Always set them to run in the early morning or evening so that the water does not evaporate, and adjust the sprinkler heads so that the water hits the grass and not the sidewalks.
3. Install Rain Sensors
A rain sensor stops you from watering the lawn when the grass doesn't need it. Having one of these installed at your rental properties is essential because it allows you to "control" the watering even when you're not there. Rain sensors notice every time there has been a quarter inch of rain, and they shut down the sprinklers for a watering cycle. Depending on how much precipitation is in your area, a sensor can help you save between 5 to 7.5 percent off your water bill.
4. Replace the Toilets or Install a Dual Flush System
A new low-flow toilet costs between $150 and $400, but it should lower the water consumption in your rentals by around 10,000 gallons of water per toilet per year. If you don't want to spend that much money upfront, talk with a plumber about getting a dual flush system installed. A dual flush system uses just a little water to flush urine and a full tank of water to flush feces. These systems cost between $20 and $80, and they also save just over 10,000 gallons of water per toilet per year based on use by a family of four.
For more information, contact a company like Quality Plumbing Inc.