The Money Kings are keepin’ it real, baby!!!

For your consideration: Real Estate Profits And Losses: Electric Company Problems. Scenario 35.

Honestly, as landlords, we haven’t had too, too many problem with electrical companies and services. We’re officially soliciting stories from you all that have had misfortunes with the rulers of the spark—as it were.

Our one chief complaint with Exelon—the major player in control of electricity in our area is:

Take a look at these numbers:

• $1500
• $777
• $1890
• $883

Notice a damn problem here? Look at how high these numbers are . . . We realize that electric service is inherently an oligopoly due to strategic concerns, liabilities, etc. But, come on, people!

The Money Kings hate, hate, hate throwing someone out of one of our units after chasing them for rent for three months only to find out that they owe the electric company some huge 4 figure number.

Our question is:

If service was turned off at say, $250 past due, then maybe crap head tenants would leave on their own accord. Instead, you’ve got deadbeats owing 2 months rent and in come cases 4 months of electrical service payments? How does this make sense?!!

At least, in our area, electrical service bills follow tenants—not landlords. If your area forces you to pay for someone else’s misuse of electricity, you should think twice about owning property in that area. Tenants will eat you alive with electrical expenses by running the AC with the windows open, leaving 4 televisions on all day in a one bedroom house, and running space heaters and heat lamps to make their Mary Jane crops grow faster. The list is endless.

Good luck out there.

Keywords: landlord, tenant, electricity, service, waste, money, past, due