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 over 1 year ago,
How do you handle property utilities?
BP, I just purchased and rented out my first (2) student rental properties. The first group of tenants moved in on June 1, and the others on August 1. For the first group, we put together a Move-In form with detailed instructions of how to transfer the utilities into their name. (In our area this is just Electric/Gas (same company) and water), but we are having a hard time getting the students to be responsible and transfer the utilities. We would rather not shut them off in the middle of the summer. Do you guys always: 1. Have tenants transfer utilities into their name? 2. Include these in the rent price? or 3. Pay the utilities and charge tenants monthly? Looking forward to discussing.