Passive income:))

Discussion in 'Innovative Techniques' started by virgo, 19th Nov, 2014.

  1. virgo

    virgo Always-willing-to-learn

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  2. Ed Barton

    Ed Barton Advance Australia fair

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    Can I offer my tenants reduced water bills? How about internet and phone? Adult entertainment services?

    What's in it for me? A quick look at their website says nothing.
     
  3. neK

    neK Member

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    Can't see how it would work.
    As a tenant i wouldn't pay more rent just cos a place had solar panels.
    Nor would i be willing to give the "rebate" back to the owner in cash.
     
  4. charlieandkath

    charlieandkath Member

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    Yearly returns do not make sense to me. The smaller the system the more power you will offset and the less you will export so therefore figures to me should go something like this:
    2kW - $550
    3kW - $760
    4kW - $850
    5kW - $900

    Not much difference I know but to me the figures are out therefore discredits all they say.
     
  5. joanmc

    joanmc Member

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  6. Ed Barton

    Ed Barton Advance Australia fair

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    From the above site...
    I see how it can benefit the LL, but can't see how it provides any benefit to the tenant. If I was a potential tenant I think I'd just tell you shove it.

    If I understand it correctly the power bill is in the LLs name. That provides additional risk that if the tenant skips without paying for their power the LL is on the hook to the power company, not the tenant.
     
  7. joanmc

    joanmc Member

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    From what I have read between the 2 sites, you can offer the tenant a discounted rate for their electricity so that might appeal to some. Perhaps you could tie the discount to paying on time as some suppliers already do.
    I would like more information as to some of the issues you have raised Ed and might get someone out for a chat to nut out the nitty-gritty.
     
  8. Truly Exotic

    Truly Exotic Property Deal Finder

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    tenants dont pay extra for having solar, unless their power bill was astronimical for whatever reason

    any extra rent would offset their bill anyway
     
  9. Big Will

    Big Will Member

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    I wouldn't do it cause if something goes wrong it is just another thing you will need to fix and not supplying electricity will be a huge pain in the *** for a LL if it wasn't working.