Prepaid Meters

Protect your assets and improve your cash flow, with pre-paid utilities metering

Pre-paid electricity, solar and water metering works in much the same way as a pre-paid mobile phone – you pay for your service upfront, instead of via quarterly bills or monthly direct debits.

The benefits of pre-paid metering for utilities are numerous – not only for you as a Landlord, Property Developer, Body Corporate or Building Manager – but also for your tenants.

Pre-paid utilities benefit tenants by removing the worry of large, unexpected bills at the end of the quarter, assists them in managing their energy usage more efficiently and eliminates their risk of defaulting on payment, by ensuring the services they use are paid for upfront.

Best of all, our market-leading metering and software system is easy to install, secure and creates an ongoing revenue stream for you as the landlord/property owner.

How do pre-paid utilities work?

The concept of pre-paid utilities is beautiful in its simplicity. As the Landlord, property owner/investor or Body Corporate, you purchase a service (electricity or water) from a utility company and then on-sell this to your tenants at a discounted rate. Meters with a handy visual display are installed in each residence, enabling tenants to see how much electricity or water they are using in real time.

Tenants can purchase more of a utility as it is required – any time, day or night, anywhere in the world – simply by topping up their meter via the Prepaid Meters Australia website, SMS or over the phone.

Each month, these monies are transferred to you as the Landlord, property owner or Body Corporate in a lump sum – generating a steady cash flow, eliminating the chance of a tenant falling into arrears and enabling you to provide utilities to all tenants – even those with a bad credit history.

The benefits of pre-paid utilities are hard to ignore:

• Improved cashflow – monthly payment to you of collected monies
• No credit or collection issues
• No deposits from tenants necessary
• No need to send monthly bills
• No need to constantly set up utilities accounts when new tenants arrive
• Tenants love being able to monitor, measure and manage their utilities, in order to reduce their costs
• Extremely secure – Our system utilises the international standard for securely encrypting all utility pre-payments (Standard Transfer Specification or STS), protecting all transactions and securing your revenue stream

For more details about how pre-paid utilities can help your property and tenants, click here.

Even MORE ways to boost your cashflow with pre-paid utilities…

When integrated with solar panels, pre-paid utilities become an even more attractive source of revenue for you.

Energy generated from solar panels can be sold back to your tenants, even though it costs you nothing to produce once panels are installed (note: generous discounts are now available to incentivise investors looking to install panels, saving you even more).

This means you’re creating a sustainable revenue stream, even when you on-sell the solar energy at a discount. Better still, if your panels produce a surplus of energy, this can be resold to the grid, giving you two opportunities to generate income from the one asset.

Pre-paid utility metering allows you to take back control of your energy supply, contribute to a greener Australia and create an ongoing revenue stream where there previously was none. Now that’s smart business!

Once installed, pre-paid utility meters begin improving your cashflow right away – and getting started couldn’t be easier. Contact us now to find out more!