A Money Saving Opportunity for Resort Collection Rental Owners
Blog » A Money Saving Opportunity for Resort Collection Rental Owners
As property owners, you most likely bought your property as an investment hoping to get a financial return each year.
Resort Collection has chosen to partner with an energy savings company called Egotia, based in Franklin, TN, to tailor a solution to help you achieve your goals and reduce your expenses. Our data shows that you are spending 10-12% of your gross rental revenue on energy costs. Egotia can reduce those costs to you. The bottom line – Egotia will save you money at NO RISK to you.
The bulbs being used for this retrofit have a useful rated life of 25,000-50,000 hours. Based on the expected usage in your unit, this equates to over NINE years of life. This means that you will not have to replace the bulbs for the next nine years. The benefits outweigh the costs, allowing you to earn back your initial investment through the energy savings in approximately one year. By Egotia’s estimates, you can save close to 1% of your gross revenue through the one-time retrofit. The savings generated means more money added to your annual net revenue. Since you no longer will have to spend money on lighting, you can begin pocketing those savings and enjoy the fruits of your investment property.