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Updated almost 6 years ago,
Charging for shared utilites
Just bought my 1st rental Jan 2nd. Not yet rented.
Single home with 2 units. 3R 1BA up and a Studio 1BA down. My son will live in downstairs in July (5 months time).. Do I pay utilities (last yr avg for elec, gas, sewer/water was approx $325/month) and build a similar amt into rent? No separate meters as of today. What about when the downstairs is occupied ? (A split of that monthly amt by a % of sq ft proration?) Thanks for any input!