According to statistics, temporary tenants consume three times more resources than permanent residents. To compensate for this possible overuse, property owners are forced to include increased utility rates in the rental price. However, this approach either deters potential renters with high costs or reduces rental profitability.
With the rise of electric vehicles, landlords in Europe have faced a new challenge – increased electricity consumption. Previously, utilities, including electricity, were often included in the cost of short-term rentals, which suited property owners. However, today, tenants have started charging electric vehicles directly on-site, leading to a significant increase in consumption and, consequently, financial losses for property owners. This raises the question: how can landlords manage rising utility costs while keeping short-term rentals attractive?
The solution is offered by the ADDERRA system – an innovative platform for submetering electricity and water, including meters, an integrated Stripe payment system, and a smartphone app.
Thanks to ADDERRA, landlords can eliminate unjustified markups and losses. Our system allows them to set rental prices without including utility costs. Instead, tenants prepay for electricity and water using a mobile app and smart prepaid meters with a Bluetooth interface. This means that consumers use only the amount of resources they have paid for in advance.
This approach ensures transparent billing, prevents resource overuse, and makes renting fair for both property owners and tenants. ADDERRA is a modern solution for smart expense management in the rental housing sector.
Contact us at info@addgrup.com to learn more about our products and technologies.
