At Livable we create custom utility management and cost recovery solutions for commercial and residential properties, and it seems our expertise is needed now more than ever! It used the be that the “American Dream” was synonymous with homeownership, however, Millennials don’t seem to be putting the same emphasis on buying property as previous generations, thus renting has become more the norm.
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Charging For Utilities: A Renter’s Pros And Cons
As we get ready to say goodbye to 2019, it’s only natural to look ahead. In addition to what is sure to be a heated national political season in 2020, there are several statewide measures in California to keep an eye on, including a possible overhaul of Prop. 13 and another proposition that would allow municipalities to extend rent control to most units that are at least 15 years old.
Rent Control Comes to Every Property in California
After ignoring the will of the voters, who just last year decided against loosening statewide restrictions on rent control, California state legislators recently passed a new law that will cap annual rent increases at 5 percent plus inflation.
Based in San Francisco the Livable team is no stranger to the dangers of hot weather, including the increased chance of wildfires - it takes a spark to create miles and miles of devastation. Fires strike throughout California each year, especially in the fall months, and can cause catastrophic property loss like in the Woolsey fire in Los Angeles or even worse cost lives like the Camp fire in Northern California in 2018.
At Livable, our livelihood is power and utilities, so, of course, we are big on how conservation and the wise use of our resources can counteract worrisome trends such as climate change. This global phenomenon has already impacted us in California with the now-continuous threat of drought and wildfires and will only get worse if we don’t make energy conservation a priority.
At Livable we are committed to promoting conservation through billing and education and make sure to keep up to date on all power and utility options.
At Livable we help property managers control costs and consumption using our Ratio Utility Billing System, so you can keep costs steady for renters as other monthly costs such as rent go up and down. Book a call with Livable today and learn how you can help tenants save resources and money too.
Over the last few years we’ve seen financial incentives have a huge impact on making sustainability appealing and accessible for a wide variety of property owners. For example, there is no doubt that California’s comprehensive tax credits and other incentive programs contributed to the boom in solar power over the last five years or so.