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Updated almost 7 years ago on . Most recent reply

User Stats

30
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3
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Jay Elvin
  • Investor
  • Collegeville PA
3
Votes |
30
Posts

Oil Heat in potential investment property

Jay Elvin
  • Investor
  • Collegeville PA
Posted

Hi everyone, 

I'm looking to buy my 3rd rental.  The 2 unit property I'm interested has oil heat.  I haven't experienced this in my other two rentals or my primary home.  Any own rentals with oil heat?  Deal breaker? 

Numbers work well so that's not an issue.  Any insight is much appreciated.  Thanks! 

Jason

Most Popular Reply

User Stats

184
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87
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Dennis Wasilewski
  • Real Estate Agent
  • Philadelphia, Pa
87
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184
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Dennis Wasilewski
  • Real Estate Agent
  • Philadelphia, Pa
Replied

Oil heat requires yearly service (like $200) as it is far dirtier than natural gas or propane. Other than that just don't let the tank run low (draw sludge and clog filters) or empty (need to prime burner yourself or get service appointment). I've had oil heat in my primary of 13 years, if you have more questions.

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