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Updated almost 7 years ago,
Splitting utility costs between tenants
Hi all,
I’m fairly new here and to real estate, so far bought 3 places one a duplex ready to go and 2 renovations from auction. I’m just about done with he first renovation, its a single family home with an apartment above the garage (that I’m still finishing). My question is there is not a very easy way to split electricity without having a new pole placed for the electric which would be very expensive. Just wondering what others have done in this case? Is there a device that I could hook into the box to measure all the electric used by the apartment and house and then just charge them or should I just eat the electric and push the rent up a little? Thanks for the input!
Rich