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Increase in Water Costs are Causing Apartment Investors in Southern California to Be Water Prudent

By
Real Estate Broker/Owner with East West Commercial Real Estate

Over the last few months apartment owners and home owners are seeing dramatic increase in their water bills. Water districts have sent out forewarnings, but reality is never good for the bottom line. From San Diego to Orange County and on to Los Angeles, and even east to the Inland Empire (Riverside and San Bernardino) property owners are being advised to conserve.

 

Most commercial property owners are required to water their landscaping during off-peak hours and days, so water usage doesn’t spike during any one day. The heat is on, as least these last few weeks. What does this mean? More water usage, more showers, and more watering. This is not a good trend for the bottom line for apartment investing.

 

What can property owners do? Check the water efficiency of irrigation systems and washing machines, teach water conservation to tenants, separate meters for each unit, and plant drought tolerant plants to name a few suggestions.

 

Water is an important commodity for apartment owners to pay attention to. In San Diego and parts of Orange County water rates have increase as much as 20-25%. This increase needs to be considered when looking at apartments for sale in the counties of southern California:  Los Angeles, Orange County, San Diego, and the Inland Empire.

 

 

 

By Michael Duhs, Managing Broker of East West Commercial at (949) 939-8352, specializes in apartments for sale and senior housing in the counties of Los Angeles, Orange County, San Diego, Riverside and San Bernardino. East West Commercial is seeing its Commercial REO and Apartment REO business increase in southern California. Contact http://www.EastWestCommercial.com, http://www.CommercialREOs.tv, or http://www.REOapartments.tv for your source for properties available or coming to market. East West Commercial

Posted by

Michael Duhs

Managing Director

East West Commercial Real Estate

(949) 939-8352

Michael.Duhs@EastWestCommercial.com

www.EastWestCommercial.com

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