General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Splitting out utilities for duplex & garage
I recently just purchased a duplex that has a garage in the back.
Both units are rented and the garage is rented to the neighbor. The first floors electric is tied into the garage, and I'm looking to put the utilities on the tenant so they have to pay them.
My question is what is the best way to handle this scenario, as the neighbor who is renting the garage is using electric inside the garage. Should I knock a percentage off the rent for the first floor tenant and then up the rent for the neighbor to account for electric?
Obviously the easiest approach is to keep the electric in my name but would like to avoid that if all possible.