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Updated about 9 years ago on . Most recent reply
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Utilities Question
Hi, new landlord here with just under a year into rental property.
I have read through numerous posts about this but wanted to ask the question, do you have tenant pay all utilities?
My tenant has a one year lease which is up in May. Tenant pays $1275 rent plus water, rental mortgage is $1119 . I pay sewer, garbage, and electric which in a monthly breakdown comes in at around $80 per month. I am thinking when lease expires go to a month to month with all utilities paid by tenant. Essentially I would be raising rent but not the actual dollar amount per month for "rent". At the very least I will have tenant pay Electric and Sewer to increase my profit margin.
Thanks
Ron