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Updated about 5 years ago on . Most recent reply
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Utilities Usage Per Unit Monthly
I am new to Bigger Pockets and looking to invest in Apartment Buildings in North Providence, Rhode Island. I have broken down all projected expenses for the property I have in mind in order to find the NOI and compare it to the financial statement that the property owner provided me with. I was looking to see if anyone who has invested in apartment buildings in new England and could estimate utilities (water, electric, sewer). I am not just looking for estimated prices but more just usage per month per unit so I can calculate an estimate per unit based on local rates.
Looking for average KwH per month for a
2 bedroom apartment,
gallons sent out to sewer per month,
average water gallon use-age per month.
I understand it is variable but I just need some input from someone who has seen actual usage per unit.
Thanks!
Most Popular Reply
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Originally posted by @Brett Bessette:
I am new to Bigger Pockets and looking to invest in Apartment Buildings in North Providence, Rhode Island. I have broken down all projected expenses for the property I have in mind in order to find the NOI and compare it to the financial statement that the property owner provided me with. I was looking to see if anyone who has invested in apartment buildings in new England and could estimate utilities (water, electric, sewer). I am not just looking for estimated prices but more just usage per month per unit so I can calculate an estimate per unit based on local rates.
Looking for average KwH per month for a
2 bedroom apartment,
gallons sent out to sewer per month,
average water gallon use-age per month.
I understand it is variable but I just need some input from someone who has seen actual usage per unit.
Thanks!
I would speak to a couple local property managers. I can recommend a couple. I don't usually see the bills because everything is professionally managed. Electric is tougher because most tenants pay their own.