The benefits of being a landlord and creating a passive income for yourself are indisputable; however the untold expenses and annual body corporate fees seem to increase each year. The same can be said about the management companies of these complexes, where your annual budget restricts you into how you can run and maintain the building. The truth is, there’s no easy way to make money in this day and age, but you can add to your revenue streams if you have an embedded electricity network at your property.
An embedded network allows you to negotiate a good deal on electricity from a large supplier on behalf of all your tenants – through a single electricity meter called the gate or parent meter. Using one provider for every resident in the complex gives you better purchasing power when compared to having each tenant take care of their electricity, which means you can offer them cheaper electricity than they might find elsewhere. More importantly, you can buy power in bulk at a discount and then add a surcharge for residents so that you can make a surplus. In most cases, your tenants will still obtain cheaper electricity thanks to your embedded network, even though you’re making a small profit. However, with the recent addition of the Electricity Rules, you’ll need to hire an embedded network manager in Adelaide before 1 December 2017.
At ENM Solutions, we provide a highly-trained and experienced embedded network manager to ensure all your needs are met, from helping you find the right provider to overlooking the management of your network. Managing an embedded network can be complicated, especially as legislation continues to change, but we’re here to take a complex task off your hands so that you can focus on running your building and keeping your tenants happy. Keep reading below to find out more about what an embedded network manager in Adelaide can do for you.
Even though you’ll be required by the new rules to hire an embedded network manager before 1 December 2017 and onwards, you’ll benefit from their services in the following ways:
If you want to negotiate the best deal on electricity and manage your embedded network so that both you and your tenants are happy, you need an experienced consultant on your side. At ENM Solutions, we have over 15 years of industry experience and take hundreds of thousands of meter readings every year. Contact us today if you need embedded network management in Adelaide.
