Multi-Family Home and no separated meters!?

[Obed Bermudez]

Hello fellow BP Investor and friends. When Multi family homes (mainly a duplex from what I’ve been running into) doesn’t have separate meters (gas, elextric, etc...) how is it that both tenants pay for their fair share? How is it divided with one meter?

Would you go ahead and pay to add the separate meter? Or would you just avoid the property all in all if you didn’t have the money to separate that specific utility?

Thanks guys

[Nancy DeSocio]

Hi @Obed Bermudez , 

I wouldn't avoid it altogether, but if you include that expense when you analyze the property, it could still work.

You can pay the utilities as the landlord and include that cost in the monthly rent.  Tenants don't like bills just as much as you don't, so if you offer an "all inclusive" rent that accounts for the utility usage, it could work in your favor.

Good luck on your journey!