All Inclusive Lease

[Noralee Deason]

I have a 2 BR / 1 BA condo in a college town.  My daughter has lived there while in college, but is about to get married and just moved into her own place.  I'm going to rent it out for the next couple of years.  It seems a lot of students / parents are looking for an all-inclusive lease, especially since it could very well end up being rented to unrelated roommates.  What are the pros and cons to all inclusive?

I have the rent listed as $500 / $500 security deposit.  I know when my daughter was there internet was $54; Water around $50, and electricity from $70 - $120.   How much would you increase the rent by to ensure expenses are covered?  Does keeping the deposit at $500 and charging $700 / month all inclusive seem reasonable?