Separating utilities in condo conversion?

[Kathryn Stevens]

Hello BP community,

I'm a newbie to the forum and getting back into multi-family investing after a long hiatus. The condo conversion concept is intriguing and not difficult to do here in Texas from a legal perspective. 

However, does anyone have input on approximate expenses or level of complexity involved in separating utilities for electric, gas, water and sewer? I've seen apartment buildings that were "all bills paid" that could be ideal condos, but I'd like to break apart the utilities so each unit can pay for their own expenses directly.

Thank you,

Kathryn

[Jim Cummings]

@Kathryn Stevens

Most all building could be separately metered  - if time & money are NOT constrained. 

Call the Local Planning & Zoning office. They may be able to refer you to one of their people in Utilities that could elaborate on how difficult the job might be from the provider standpoint.