Upgrade Your Rental Property for Better Reviews and Revenue with Enhanced Lighting

Owning a rental property is a great source of extra income. Finding the right groove in which you can profit the most out of the property is something of a science. With all the factors of pricing for your tenants, advertisements, mortgage, and upkeep, things can get a bit tricky. Changing your lighting and source of electricity to a much more proficient system can help with bringing in new and returning renters.  

Sustainable Rental Property Options

By upgrading your electrical system to solar, you can officially say your property is one of the few that runs on clean energy. This day and age, many possible clients are seeking rentals with environmental supportive factors. Whether you own a cabin in the woods, a house on the beach, or a multifamily building, having to worry about if the building goes dark is a thing of the past.  

Most rental partners, like AirBnB, Vrbo, and Homestay have the ability to advertise your property with its strengths in mind. Taking your property to the next level towards becoming self-sustaining, these associative businesses will highlight that fact. Not only will it attract more customers, but possibly even reoccurring clients.  Having more patrons equals more revenue and that can lead to expanding. 

Turning to Solar Power for Your Home or Venue

Have you been looking into making your vacation rental property into a venue? If so, Specially located wiring and higher than normal amounts of electricity use is common. Whether it’s for family get-togethers or large weddings, some points of interest are sound systems, lighting needs, heating, cooling, and many more. Solar power can satisfy the electricity requirement of all those demands.  

The mechanics of solar can be complicated. Following this link will explain, in detail, how it works and the benefits it can provide for your vacation rental home.  Many buildings, that have already converted to solar, are able to keep their lights on, water pumps flowing, and temperature nice and cozy during the New England winter environmental impacts.  

Most property managements are hesitant to switch to solar due to the cost. Well, you can rest easy knowing it won’t break the bank and even give you a bigger return in less than a few years. Not only will you be making money from your renters, but you’ll be receiving even more from multiple sources that’ll help you pay off the conversion quicker. 

As a landlord in the current state of the economy, raising the rent seems like a great idea. With adding solar to a residential rental property, it will drastically reduce, or even nullify, the amount of money tenants pays per month for electricity. This can justify the higher payment from the occupants. For example, if your renters are paying you $900 a month and also paying $150 to electric companies. That’s $1,050 just to have a roof over their heads and heat. If you change over your system to the sustainable source of power, that will most likely eliminate the need to for them to pay power companies. Raising the rent to an even $1000, after the installation is paid off, giving you an extra $50 per unit. Garden style apartment buildings have an upwards toward 50 units. This all equals to $30k a year. Is it worth is? The answer is YES.  

BD Electrical Services has fully insured, experienced electrician and solar power specialists that will cleanly and efficiently install your new system. Even it’s just for information or you’re ready to bring your rental property to the next level, give us a call, contact us on the site, or send us an email. Snow is on its way in a few months, even if your power hasn’t gone out, don’t let this winter be the one to leave your source of money living in the cold.