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Updated about 10 years ago,

User Stats

24
Posts
6
Votes
Ruth Ann Morris
  • Real Estate Investor
  • Sioux Falls, SD
6
Votes |
24
Posts

Passing the cost of utilities on to tenants

Ruth Ann Morris
  • Real Estate Investor
  • Sioux Falls, SD
Posted

I am considering purchasing a duplex in Sioux Falls, SD that does not have separate meters.  Up until this point, from what I understand, the utilities were included in the rent.  That works great if you own the place free and clear, but to purchase the place, I am having to finance.  Can I pass the majority of utilities costs on to the tenants, and how do I make it fair if say one unit has one person and the other has three.  At the moment, one place is vacant and the other place has a single long term renter.  

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