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Updated over 10 years ago on . Most recent reply

Passing the cost of utilities on to tenants
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.
Most Popular Reply

There is only one RIGHT way, and that is to have separately metered utilities. Yeah, it does cost some money to do the right thing ...