Current Owner is Paying Utilities - How to switch to tenants

[Drew Lied]

Hey everyone,

I'm looking at a small MF complex in OH and the current owner is paying the utilities. I would like to push them onto the tenants.

1. Does anyone know if it's possible to get the units metered (basically is it possible to get them metered at any property)?

2. I've heard of companies that will collect the utilities from the tenants (take their cut) and then send you a check. Does anyone know if this is legal in OH? What do these firms charge? Any recommendations?

3. Will I need to wait for new tenants to start charging this?

4. Is there any other way to do this?

Any and all advice is greatly appreciated!

Drew