Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 months ago on . Most recent reply

User Stats

3
Posts
1
Votes
Jose Almonte
1
Votes |
3
Posts

Who pays utilities?

Jose Almonte
Posted

So looking into single family homes in the $400K range. 

Assuming $150K downpayment the mortgage payment comes out to $2300 rounded. 

Property tax is usually around $6300 a year rounded. $525 a month. 

Zillow rent estimator predicts $3000/month 

I’m not looking to cash flow much year 1. But I’d like to be cash flow positive even if minimal. 

The real goal is capital gain, and future cash out refinance. 

It all comes down to utilities, and insurance. Who pays for utilities in NJ? The landlord or the tenant? Thanks. 

Most Popular Reply

User Stats

154
Posts
79
Votes
Elias Halvorson
  • Hawaii
79
Votes |
154
Posts
Elias Halvorson
  • Hawaii
Replied

I don’t know why it would be different in NJ, but they (renters) should be paying utilities. If you decide to cover, make sure something in the contract stipulates you will cover up to xxx amount. Otherwise, the renters could be bitcoin mining or driving 2-3 electric cars and you’re paying for everything. 

  • Elias Halvorson
  • 808-517-6416
business profile image
Elias Halvorson C2 Hawaii NMLS#1697041HI Branch NMLS#1244222
5.0 stars
59 Reviews

Loading replies...