Towards the end of 2015, our founder Gary Wernick decided to convert a two bedroom house in Doncaster into two flats. He was shocked to discover that it would cost £1,800 to install an extra connection to the electricity network, ie to run a cable six feet.
None of the sub-metering services available met his needs as a landlord living over fifty miles away. He couldn’t sell cards to tenants, collect pound coins, or attempt to bill tenants in arrears for their consumption. He also needed a fraud proof system given the nature of tenants in that area.
Gary was well placed to solve this problem. Not only did he have over twenty years experience in the Energy sector, but he was also a property developer. Industry contacts put in touch with a new start-up, Meterix, who were developing the back-end computer systems and communication system to run smart meters on a PAYG basis in conjunction with Iskraemeco, one of the largest European meter manufacturers. A partnership was quickly agreed for Landlord Metering would offer a unique service where landlords could effectively “install and forget” virtual MPANs.
We will run everything for you
Gary Wernick has set up our service exactly to fulfil your needs as a fellow landlord.
Whether it’s providing advice on regulation, scouring the energy market to make sure that you and your tenants are getting the best deal or ensuring that VAT in mixed residential/commercial properties is charged at the correct rate, we understand what it is that landlords want, need, and deserve – and we always strive to provide it.
You will get a single payment directly into your bank account at the end of each month for the full cost of the electricity used by your tenants in each site.
See Vanessa Warwick of Property Tribes interview with Gary about the founding of Landlord Metering (June 2018).