Does anyone have experience making the switch?
I'm in the midst of closing on a 2 unit where the first floor is electric baseboard and the 2nd is currently oil with a blower/furnace (as in duct work not radiators and expansion tanks). The current owner has sent out a letter advising tenants that the new owner may switch up the heating arrangement.
That would be me. I do not wish to pay for oil heat or any heat. I can still turn a profit if I pay for the 2nd floor heat (how it's currently handled) but I'd rather not since not paying it can increase my monthly profit 200%. My first option is to lower the rent and shift the oil heating responsibility on the tenant. My other option is to put in baseboard heat. I can price out the six units but I have no clue on labor. My third option is...
Either one of these may cause the tenant to freak and flee so maybe you have some opinions on that as well.