Recommendations for electricity provider - Brisbane

Discussion in 'Property Management' started by djtatts, 8th Nov, 2017.

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  1. djtatts

    djtatts Member

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    Newbie Investor here looking for some advice.
    Just purchase my first IP in Brisbane.
    Settlement in a few weeks.
    Purchased from an owner occupier so will have to sort out electricity provider.
    Am I responsible for setting this up or does the tenant sort this out?
    Thanks!!!
     
    djtatts, 8th Nov, 2017
    #1
  2. mikey7

    mikey7 Well-Known Member

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    The tenant sorts out their own electricity.

    If you need power prior to a tenant, then you'll need to organise a temp account, and have it end the day before tenants move in.
     
    mikey7, 8th Nov, 2017
    #2
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    energywatch.com.au is a Commonwealth tool to assist such a need

    But the tenants needs power not you unless you wont have tenants day one. The tenant may need to switch providers when they move in...Make sure they do !
     
    Paul@PAS, 8th Nov, 2017
    #3
  4. Tom Rivera

    Tom Rivera Property Manager Business Member

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    Congratulations!

    You shouldn't need to connect power in your name unless you need to get the place cleaned or have work done. If you do need power, get a temporary connection and make 100% sure the tenants change it over. You can use a utility connection service like MyConnect to guarantee that it gets changed.
     
    Tom Rivera, 8th Nov, 2017
    #4
    wylie likes this.
  5. wylie

    wylie Moderator Staff Member

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    What @Tom Rivera said... and as well, when I put power into my name, I also call the power company myself and organise a final reading, just in case the new tenants don't hook up in their own name.
     
    wylie, 8th Nov, 2017
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    Tom Rivera likes this.
  6. djtatts

    djtatts Member

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    I will need to connect as I have a little bit of work that needs to be done prior to it being tenant ready.
    Thanks for the advice!
     
    djtatts, 9th Nov, 2017
    #6
  7. BarneyRubble

    BarneyRubble Well-Known Member

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    Are you sure the power will be cut off? All the properties I have purchased the power has been on and available.

    One in Brisbane last year, time from the previous owner until I finished the clean up and let the place was about 5 weeks.
     
    BarneyRubble, 9th Nov, 2017
    #7
  8. Xenia

    Xenia Well-Known Member

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    Yes temporary connection, have it cut off when you don’t need it and then let tenants connect their own.
     
    Xenia, 9th Nov, 2017
    #8
  9. wylie

    wylie Moderator Staff Member

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    In Brisbane we used to use the power without hooking up in our name, as it wasn't shut off for weeks, but for a few years now, that has changed. Maybe it is the luck of the draw, but I don't take changes any more, especially if we have a tradesman coming in who needs the power.

    I just put it in my name and that is one thing I don't need to worry about.
     
    wylie, 9th Nov, 2017
    #9
  10. djtatts

    djtatts Member

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    Yep I will put it in my name as just want everything to go smoothly.
    Thanks Again All for the advice!
     
    djtatts, 9th Nov, 2017
    #10