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 about 15 years ago,
2 electric meters to 3 meters.
bought a 3 unit that was setup weird. 2 (1) bedroom units downstairs and a a large upstairs that they were using as sleeping rooms.. had 1 kitchen/ba upstairs w/ 4 bedrooms. And they had 2 meters and 2 furnaces running west side / east side up/down on the place.
I have no idea how they were doing it or maybe they just had the 1 bedroom people paying to heat the place :D
I'm still working on it but I redid all the wiring and put in a 3rd electric box and then had a electrician setup the meter base and everything else so the city would go easy on me. Got everything approved by the electric engineer and city inspector so now i have 3 separate meters!
I'm not even going to use the gas furances and I just went ahead and turned all the units into baseboard heat.
Finishing up the plumbing and then the painting begins.. After that a lot of little stuff, and then I have to wall up the 2 car garage. Best part about this is theres a additional workshop on the side thats already walled off with its own electric box and it has a separate entrance. So i'm going to keept his for my own personal workshop to keep extra tools and materials in. :D Awesome! It's a block building too.
So anyway, I have about another month or so of work and then I can start looking for tenants.