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Cut utility costs on vacant units

Owners pay for power and gas in empty units. Most of it is unavoidable; the part that isn't comes from slow transfers and thermostats left running.

For: Property managers and owners

When a unit is empty, its electric (and sometimes gas) account reverts to the owner. A share of that is the cost of vacancy. The avoidable part is days between move-in and the resident taking over service, and HVAC left running through a turn.

The check

  • List the vacant-unit utility charges for the last six months by unit.
  • Compare the dates with move-in dates on the rent roll. Charges after a move-in are the resident's.
  • Look for units with high usage while vacant.

Fixes

  • Make proof of service in the resident's name a move-in requirement.
  • Set vacant thermostats to a safe setback temperature and check them at each turn walk.
  • Ask the utility about a revert-to-owner agreement so service doesn't disconnect between residents.
How Conduit helps

Conduit totals vacant-unit utility charges per property and separates what vacancy explains from charges that continue after move-in.

Run every account for 30 days free