You’re a landlord – a generous one. You pay the utility bills for your tenants. But, there’s a problem. You’re paying a lot for heating and cooling. Here’s how to pay less.
Install A Smart Thermostat
Smart thermostats, like the Nest, are all the rage right now because they can monitor room temperature and “learn” what the right temps should be based on behavioural patterns and personalised settings that are user-configured.
Some thermostats are made by the energy companies themselves. For example, British Gas’ “Hive” gives you access to your home’s heating controls anywhere you happen to be. So, if your tenants decide to go out for dinner after work, they can change their timer and avoid wasting money on heat.
If you’re in control of the heat, you can do that for them.
An, when they’re on their way back home, you can switch it back on for them. Tenants can also
learn about tariffs and how timing heating cycles can save them money. In the end, everyone wins with a clever thermostat.
Kill Standby Mode
The Energy Saving Trust recommends landlords and tenants use special devices that shut off standby mode on electronic devices. The standby buster plug lets users switch o electrical appliances connected to it using a remote control device.
So, instead of having to unplug and then re-plug the T.V. or DVD player or Apple TV, users can leave it plugged in and control it remotely.
Tenants can control up to four plugs with a single remote. These devices are especially nice for families with multiple T.V.s, DVD players, iPads or game consoles. A Standby Buster starter pack costs roughly £10, which comes with one plug and one remote. Additional plugs are £7 each.
According to Which?, these plugs could save you £40 per year.
A BioBulb uses roughly 75 per cent less energy than a regular one, which will help tenants save money on energy bills. On top of that, it emits three times the lumens, which means that the bulb is brighter than a standard bulb. Bulbs cost roughly £10 ea. and last up to 10,000 hours.
Get Automatic Radiator Bleeders
An automatic radiator bleeder will release the built up air in a radiator. This leaves you with just the hot water. It reduces the risk of corrosion and also reduces heating bills – good if you have steam heat radiators.
If radiators aren’t bled on a regular basis, their efficiency plummets, so this is a time-saving and money-saving move. Auto-bleeders cost about £10 to £20.
Monitor Your Property
Be careful when doing this as there may be laws preventing you from monitoring your home – particularly the inside of it. Energy monitors tell you which gadgets are using the most energy and how much it’s costing. They also reveal how much is being saved if you make any changes. Some cost between £40 and £100 each, but some energy companies give them away freely.
Faith Johnston has worked in property development and now consults. She is also green minded and is interested in the different ways to conserve our resources. Her articles are related to these topics and appear on green/eco blogs, property and development blogs and more.