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Updated over 7 years ago,
Separating utilities in condo conversion?
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