Summer is gone, but it’s always good to save water. Here are some tips to keep your water payments on your investment properties down. Remember: even though WA has watering restrictions, you can’t depend on them to keep tenants from using too much water.
Professional Property Management and Maintenance
The most important factor for a property investor is to make sure that all of their investment properties have top-notch property managers. In a competitive rental property mangement market such as a great property manager is going to make you far more money than you spend. Most of all, they will save you the hassle of collecting rents, searching for new tenants, “negotiating” with current tenants who want more value for less money and fielding maintenance calls at 3 am.
You may want to consider installing a rainwater tank. They can save as much as 26,000 liters of water on a yearly basis. That’s a lot of water.
Check for Leaks
One bad leak can cost you as much as 30 litres of water a day. On a periodic basis, check your water system for leaks. Even the small leaks add up. It is much less costly to fix them immediately.
Update Your Toilet
If it’s close to time to change the toilet, update it with a double-flush system. This alone can save as many as 90 litres of water every day and make sure it doesn’t leak. Leaky toilets are the most common household leak.
Water Efficient Appliances
If your appliances are old, it’s a good bet they aren’t high-efficiency units. When replacing those appliances such as dishwashers and clothes washers, pay close attention to the Water Efficiency Labelling and Standards (WELS) rating. For a clothes washer, make sure the WELS is 4.0 or higher. For a dishwasher, make sure the WELS is 4.5 or higher.
Watering the Lawn
You must constantly make sure that you have replaced broken seals and worn nozzles. Make sure your system is always in top shape. Also, only water once a day on your rostered watering day for ten minutes, before 9 am or after 6 pm.
Hire a Professional
Put it on autopilot. Hire the property management team at Investors Edge.
Read an article on: “Water Saving Tips from Investors Edge“