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Updated about 7 years ago,

Doug R.'s profile image
Doug R.'s profile image
Doug R.
  • Real Estate Investor
  • from Rincón, Puerto Rico
  • Member since Feb 12, 2017
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User Stats

25
Posts
6
Votes
Doug R.'s profile image
Doug R.'s profile image
Doug R.
  • Real Estate Investor
  • from Rincón, Puerto Rico
  • Member since Feb 12, 2017
Connect
Doug R.
  • Real Estate Investor
  • Rincón, Puerto Rico
6
Votes |
25
Posts
Multi-Family and Apartment Investing

Puerto Rico Multifamily - Metering

Doug R.
  • Real Estate Investor
  • Rincón, Puerto Rico
Posted

Hi All,

Anyone knowledgeable in Puerto Rico real estate law know if submetering or RUBS is allowed?  I'm looking at an apartment complex that has ridiculous utility bills - each 1 bedroom / studio equivalent is on average generating a $100 light and $175 water bill; utilities are currently included in the ~$350 rent so that leaves very little income left after utilities. 

The building is old (built in 1920); so I'm wondering if there could be some serious piping problems.  

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