We offer excellent, quality prepaid electricity solutions for investors and owners who rent their properties out.
We manage your services in the same manner as which Estate Agents manage the rental of property.
We manage Electricity, Water, Sanitation as well as Refuse Removal on behalf of owners with the use of Prepaid Meters.
We help you to take charge and put the POWER back into your hands. Contact Us today for more info.
Meinroux Trading Services (Pty) Ltd trading as Prepaid Electric is a Pretoria based company, specifically aimed at investors serviced by the City of Tshwane Metroplitan Municipality or any of its subsidiary electricity suppliers. Prepaid Electric is owned by Wayne and Drika Dennison and was established at the beginning of 2010 after Wayne identified a solution for the predicament that Investors and property managers alike, find themselves in when tenants move and leave unpaid electricity bills.
PREPAID ELECTRIC was formed to assist Investors and Managing Agents to curb this problem with the use of PREPAID SUB METERING. Our Prepaid meters are STS (Standard Transfer Specification) compliant and therefore fully approved and backed by Eskom. Our SUB METERING solution includes electricity and water and is ideal for many real-estate applications incuding Residential (buy-to-let) properties, Granny flats, Student Communes, Body Corporates, Retail and Office Parks, Property developements, Hospitality accommodation, Rental Estate agents and Sports Facilities.
The majority of Investors are not aware of the fact that the City of Tshwane Metropolitan Municipality transfers unpaid tenant electricity bills to the owner's rates account. The Municipality warrents this action by a clause (Municipal Bylaw 118) in the electricity agreement which states that it is the Owner of a propety's duty to ensure that his/her tenant remains up to date regarding their electricity account. If the Owner fails to do so, he/she becoms liable for the accout.
PREPAID ELECTRIC not only installs prepaid meters but also offer a full management solution with regards to the tenant as well as the payment of utility bills.
Prepaid Electric is a company focused on helping to support and protect the Property Investor's electricity accounts by means of Prepaid Metering. Our Sub meters are the affordable answer to situations where:
a) More than one property is leased on the same premises
b) Landlords want to rest assured that they are not left with unpaid electricity bills after a tenant has moved out.
Prepaid Electric offers the following with regards to the Sub Meters:
Money received from voucher purchases is paid to Prepaid Electric and owners are then reimbursed by one of the following options:
Prepaid Electric prides itself in honest business and offers Owners access to log into the purchase register of all vouchers purchased (more information is available from our office, after installation).
Take note, because the municipal system does not cater for prepaid solutions in sub letting situations, the service is provided by private institutions - therefore the use of private software. Due to this a transaction cost of 10% (excl VAT) is taken as an admin fee on all transactions.
The meter's software is designed in such a way that any Owner can access the purchase history on all his/her tenants meters - assuring peace of mind that the payouts made by Prepaid Electric is openly and honestly done.
Monthly Levies (fixed costs) can also be collected via the meter (eg. an average water consumption levy per unit).
Overdue rental situations - Prepaid Electric offers the Investor more control - by disabling the prepaid sub meter to prevent all further vending of electricity until the outstanding rent has been paid.
Debt can be collected via the prepaid sub meter.
The tenants receive no access to the software.
Prepaid Electric monitors and polices the sub meters monthly (Optional). Prepaid Electric will inform and discuss every finding / action with the Owner.
Tenants found guilty of tampering/bypassing a meter (upon inspection by Prepaid Electric), will be fined with a R1000.
Stolen electricity during time of bypass will also be calculated for the tenant's account and loaded onto the meter for payment.