Owners of large multi-dwelling residential buildings face a unique challenge in the rental marketplace. An investor who manages one or two single-dwelling properties has little to worry about beyond keeping the building occupied. With a smaller space and the right locations, there is a seldom much difficulty in generating consistent, reliable rental income. When you operate an apartment building, though, other challenges arise. Fluctuating vacancy rates and shifts in your local rental market can mean several units remain unoccupied for longer periods of time than is ideal. The result is a decline in rental income, which can make successful operations difficult.
Operating an embedded network for electricity within your building is an exciting way to recapture that lost income. By stepping in to take over supplying energy in the building, you can provide your tenants with a more competitive rate because of your negotiations with a provider. At the same time, you position yourself to generate income that not only covers utility costs but can deliver additional cash flow.
Because of a recent change in regulation, embedded network managers or building owners engaged in the on-selling of energy to tenants will soon need to certify as or employ an embedded network manager for such a network. Navigating these regulations and maintaining a productive network can be a difficult task. To simplify the process and ensure your compliance, consider the benefits of hiring independent embedded network managers in Sydney. At ENM Solutions, we are uniquely positioned to deliver a cutting-edge service. Through our extensive industry experience, we developed the knowledge necessary to function as independent managers of energy networks. Already we maintain more than 100,000 meters around the nation annually — so we understand infrastructure challenges just as well as the economics of scale.
With the expansion of consumer rights regarding the purchase of electricity in embedded networks, you may see some tenants choose to leave the network. What can you do about this? Together, we will formulate an approach that works. From improving network profitability to advising you on how to lower your utility rates, embedded network managers can go beyond liaising with your tenants. We will take the time to understand your specific needs for an appropriate response.
Contact our team to begin discussing solutions today
Enlisting an independent team for embedded network management in Sydney can help to ensure your on-selling activities continue to generate an appropriate level of revenue. With ENM Solutions working as managers on your network, your clients will have everything necessary to purchase from outside the network if necessary. However, our goal is to coordinate closely with you to create a robust network that is advantageous to both your tenants and your bottom line. To learn more about our management techniques or to discuss details of new industry rules, we encourage you to reach out to our team today. Speak with us by calling on 03 98 366 366.
