House hacking Advice/Experience for Beaver 15009 PA

[Alec Jacobs]

Good evening! I am a newbie real estate investor looking to invest in the Beaver 15009 PA. To any real estate investor in that market (or any experienced investor in general), I would like to know how you handle the utility costs for properties. I am planning to house hack and so far I haven't gotten many leads with separated utilities and was wondering what the best way would be to navigate that problem. It seems unfair, or maybe even illegal, for me to have my tenant pay the utilities for both of us but I'm not sure what another other option would look like. 

Another question I have is about insurance. I threw together an all-state quote for a 3bed 1bath lead I got just to try it out and it said I would pay around it said I would be paying $141 monthly. I know insurance depends on the market and property but if that number is outrageously low or high please let me know!

Thank you so much!

(P.S. here is the analyzation I did on the property if you wish to look at it)

https://www.biggerpockets.com/...

[Bryce Jamison]

When I was renting out rooms in my first home all of the utilities (internet, water, electric, cable) were included in the rent. It was easier to raise the rent $50 bucks a month then trying to calculate how much everyone owned every month. Yes, I could have divided costs by the number or roommates at the time, but I didn't want to deal with one of them complaining that that were away for several days and someone else takes really long showers for example. Plus I didn't want to have to deal with collecting rent and collecting utilities especially given that different utility bills came due at different times in the month

For insurance, I'll call my local agent I've worked with to get insurance on my primary home and investments and give them the address of the property I'm looking for and they'll give me a quote. Call 5 local agents and do this and you'll know what typical insurance should be. In my experience their "standard" policies usually only cover about 80-90% of what it would cost to rebuild the home, so I'll typically opt to have extra added so I don't have to come out of pocket if something catastrophic happens to the home.