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Updated over 8 years ago on . Most recent reply

User Stats

180
Posts
37
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Matthew Wright
  • Investor
  • Windham, ME
37
Votes |
180
Posts

Triple Net on 2-Unit

Matthew Wright
  • Investor
  • Windham, ME
Posted

I'm a landlord in the Northeast, which is the reasoning for this topic.  Snow removal and furnace maintenance can get expensive between October and March. Has anyone in this kind of climate charged their tenants in this fashion? I have a couple two units and I've always covered snow plowing and maintenance/repairs, but as the winters pass I get more and more tired of dealing with it, not only from physical standpoint but accounting as well. In my market I don't hear of many people doing this with small multifamily, usually just on commercial buildings. Id rather lower rents and let them deal with it...

Most Popular Reply

User Stats

40
Posts
27
Votes
Tony R. Yagiela
  • Rental Property Investor
  • Sagamore Hills, OH
27
Votes |
40
Posts
Tony R. Yagiela
  • Rental Property Investor
  • Sagamore Hills, OH
Replied

I do not offer snow removal, just lawn care.  A mentor of mine told me that if you provide snow removal and your tenant or a guest slips and is injured, you are liable since it was your responsibility to keep walkways free of ice and snow. 

That was years ago and common sense tells me now that it probably doesn't make a difference what the lease says about snow removal.  But simply stating that I cant offer snow removal for liability purposes has saved me thousands.

With that being said, all my units have attached parking and their own driveway.  If you have a shared driveway, that can be a sticky situation.

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