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Updated over 6 years ago,
Cost of Utilities in Philly for Multi-Family
Hi BP!
I'm analyzing a deal in Philly and I'm trying to factor in the cost of trash & sewer. I live in South Jersey and I have no idea how much I should estimate. My husband and I plan on house hacking and the 2nd unit would be rented out to students/ young professionals by room.
Are there any Philly Buy and Hold Investors that would like to chime in? How do you split up the cost of utilities when you have multiple tenants? Do you bill the tenant for utilities separately?
Any advice would be appreciated.
Thanks!