General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
All Electric vs Gas Furnace/Water Heater in Northern Illinois
I've purchased my first property in Northern Illinois about 30 minutes south of Joliet. It is a 1400 sq ft single family in a C class area that I plan to rent.
The place will need all new utilities/appliances. Two landlords in town tell me they go all electric for the reasons discussed on these forums (one bill for tenant, one sec deposit, etc).
My HVAC guy tells me 1-2 of the bedrooms will be difficult to maintain warmth and the cost to heat will be very expensive for electricity. He also tells me the large property management company 30 minutes away sticks with gas for all SFH rentals. I emailed the prop mgmt company and confirmed - electric only for duplexes and apartments. Gas furnace/water heat for SFH's.
I throw all that out here to ask what you feel makes sense? It is a big expense and I'd rather not choose the one that will delay putting a renter in the house.