Multi-unit, Landlord paid utilities

[Adam Roberts]

From speaking with other landlords, I can see that all-inclusive rent has a somewhat negative connotation as there is little room for positive CF. There is also the risk that tenants abuse utilities knowing they will not be financially liable.

I am currently looking at investing in a tri-plex that has 2 meters, so the current landlord pays all utilities but his rents are a "bit" higher than market (i.e. not enough to recover costs unfortunately for him).

Does anyone have a positive experience to share with a landlord-paid utility situation?

Conversely, has anyone invested knowing they were going to immediately pay to re-wire with 1 meter per unit, and what was the general cost of this work?