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Updated about 5 years ago on . Most recent reply

User Stats

34
Posts
7
Votes
Michael Sockwell
  • Woodstock, GA
7
Votes |
34
Posts

Newbie - need help with rental option questions

Michael Sockwell
  • Woodstock, GA
Posted

Any help anyone can provide would be greatly greatly appreciated.

Big fan of the podcasts and finally in a place to start investing. Have house hacked for years but not even sure if I did that optimally.

Here is my situation and concerns.

I have a split level. 3/2 upstairs and I created a 1/1 ( I can make it a 2/1) decent size 700-800 square foot apartment downstairs. It’s totally separate, kitchen, entrance, laundry room etc..

I always rented it to someone I knew with no lease and I just include all utilities and cable/internet.

Now full disclosure I’ve always been into the show income property and listening to Scott trench discuss house hacking. But to my knowledge never heard in depth Discussion-on how to really handle the following? ( I would ultimately like to move out and rent as two units to maximize rent)

Here we go:

1. Do I need to be zoned as a duplex?

2. Who cuts grass or do I charge for landscaping

3. 2 breaker boxes in the house but both are a mix of upstairs and down. Do I pay utilities or pay to somehow split it and meter it

4. House only has one hvac and one thermostat upstairs . ( I did hear the fruitful investor on BP YouTube say in some of his he leaves it with one HVAC) but how does that work?

5. Cable isn’t separated either?

6. I have a pool but the backyard is only accessed by upstairs unless you go through the gate?

To sum up. I basically have a 2 unit property but not a single utility is divided + 1 HVAC 1 water heater

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