Attracting Tenants for older apartment building

[Aaron C.]

Hi everyone I had an idea on attracting tenants to my older style apartment building, which doesn't offer any amenities. I'm sure that someone else is doing it already or has in the past.

I'm thinking about offering my units at standard market value, but say all "Electric, Gas and Water are included". 

I have 20 units and they all have the small wall ac/heater units and a small gas stove and the rooms are all studios and 1bd/1ba units. I

It's an older building in the 60's, doesn't have all the amenities of the newer places around.

Any suggestions or feed back would be great!

[Thomas S.]

Never include utilities in the rent, Your tenants will bankrupt you if they do not appreciate and respect the cost of utilities. Your plan is a very poor business decision in a industry where every investors is seeking properties with separate utilities to allow them to be placed in tenants name.

Terrible idea. Don't do it.