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Updated over 2 years ago,
2 units BUT 1 Electric and water meter. HOW TO
Looking for all suggestions and open to ideas.
I have a property that consist of 1 building, split legal 2 unit (front and rear). Front is spacious 2/1 and a large studio in the rear. As stated in the title, the units share utilities. I believe I have no way to split and manage the utilities between the 2, resulting to the landlord officially including the utilities in the rent. I would charge slightly higher than the average going rent per units in the area to cover the expense. However other than doing a decent job vetting the tenets how can I insure I will not "lose" with covering the utility cost? Can i state something in my rental agreement referring to the specific water and electric over usage?
Looking to hear of strategies others have used with success with simular case.
I am also thinking of STR both units. Obvious in this case I would be responsible of all utilities...
Thank you all