General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Pro rating utility bills in multi-unit buildings?
Hey BP!
Out of all the headaches that come with property management, this is one at the top of the list. Most property management tools come with a RUBS calculator but the split NEVER accounts for tenant move in date. So, for example, we have 20 units and a quarterly bill comes in that we have to send but 2 of those tenants were not in for the full 3 months. This changes the ENTIRE calculation for every tenant (because we now have to pay for the portion when it was vacant) and ultimately the RUBS calculator provided is useless right?
How do you all account for pro-ration of utility bills when billing back to tenants?
Thank you so much, looking forward to your insight