Oil to Gas conversion

[Eric Ursitti]

Hi All,

I'm looking to buy my second multi unit rental property in the North East. The numbers look great and it's in a solid location but the one thing I am not familiar with is it uses oil heat (my current multi is gas).

Is there a lot more work dealing with tenants and oil heat and are tenants less likely to want to rent units with the added cost of oil and the hastle of having it filled? Since tenant utility costs would be higher than gas, I am not sure if I would have to ask for below market rent to compare to cheaper gas heated units.

Lastly, if I was to convert to gas, does anyone have an estimate of the cost for a 3 unit?

Thank you,

Eric