I am curious if anyone have any experience as to which is more economical (meaning more profit to you) regarding whether to have a gas stove or an electric stove?
Obviously there are several factors to be concerned with, safety, insurance???, etc… but I am interested in any feedback here.
Electric, tenants, at least in this part, prefer that too. The low income tenants I deal with have a strange fear of gas.
The most economical is to not pay utilities then it doesn’t matter if they are gas or electric.
I don’t pay utilities.
My applicants seem to really like gas stoves in the middle class houses. Cooks prefere gas. If all they do is heat frozen pizza, tney don’t care.
Gas stoves cost more to purchase and require more repairs if they aren’t well cared for and cleaned properly.
Either way, never buy anything that doesn’t have a self-cleaning oven
Interesting point on the middle class houses.
Sounds like maybe lower-end homes should be electric and then mid to upper end homes should be electric except maybe as a selling feature if the property is to be sold? (That is as long as there is an existing gas outlet).
Thanks for the tip on the self-cleaning oven. Never thought of that.
We just buy electric stove, gas always seems scary
Out of curiosity, would it make any difference in regards to insurance premiums if the rental has gas vs electric?
There is no difference as to insurance premium for electric vs. gas.
I have the same experience; it seems like tenants from the deep south are scared of gas. Cooks and Westerners prefer gas. Old people prefer electric, young people gas.
Furnishedowner
If costs are comparable I'd say gas for a very simple reason. Its just better overall for cooking, that is why cooks prefer it. A certain chunk of tenants are going to be cooks or at least wannabe cooks. Put in electric and you turn off a portion of your possible client base and will have to compensate with a lower price.
Also gas is cheaper; price-wise in most places and overall cheaper since there is a much bigger loss of energy getting heat from electric (not to mention the various changes of state energy goes through for this form of cooking heat) than directly from burning gas.
For the odd tenant whom prefers electric, they or you could just buy a portable electric stove for $20 at a local store. You cannot safely replace a non-existent gas stove unless you are going to allow your tenants to setup some sort of propane contraption.
Maintenance is practically nil for either one. Gas stove, at best, usually only ever need to have the little holes on the burner cleared from carbon and cleaning material deposits. A toothpick at worst and a brush (even a toothbrush) works most of the time.