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Updated almost 7 years ago on . Most recent reply

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Gary F.
  • Honolulu, HI
49
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214
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Do you Charge utilities OR write off later?

Gary F.
  • Honolulu, HI
Posted
Is it more advantageous to have tenants pay for utilities which we’ll need to add as income OR deduct from taxes as expenses?

Most Popular Reply

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Mike McCarthy
  • Investor
  • Philadelphia, PA
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Mike McCarthy
  • Investor
  • Philadelphia, PA
Replied

If you can get the tenants to pay utilities, you’ll always come out on top.

But, if it prices you out of your competition, that’s a bigger problem. You’ll see more turnover if your competition is cheaper for the same quality.

It’s all about knowing your competition!

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