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Updated over 5 years ago,

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4
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Amy Maldonado
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4
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How do I get tenants to pay for my mortgage and utilities ?

Amy Maldonado
Posted

I live in a one family house. I live in the basement; 2bd 2bath. My mom use to live upstairs. My mom moved to florida so there is a 3 bd 1 bath vacant for the past 6 yrs. Ive been thinking of renting it for a while.  I know to look at other apartments in the area and get a ball park on what to charge for rent.  But if I live downstairs how are the house expenses divided?  I would like them to pay everything so i can live rent and utility free.   My mortgage is $1500 , Utilities are say $800 =$2300

How do i go about having my tenants pay my mortgage and utilities when they know that they are also paying for my use of electricity, gas and water too?  

I was also thinking about say charging $2500 and having them pay utilities as well.   

Side note ----There is a rental on my block that started asking for $2600  3bd 1 bath  2 months later they are now asking $2200  range in 3 block radius is $2200 - $2700

How do i set this up?  Can this be done?

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