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Updated about 5 years ago,
- Rental Property Investor
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Triplex with one water met
All,
I just recently purchased a triplex that I am house hacking (1/1, 2/1, 2/1 w den). The units are all under one water meter and 2 electric meter (the largest unit is stand alone) and the owner was previously covering all utilities. Before purchasing I asked the owner to provided utility expenses for all three units. Here is my train of though with moving forward. please provide any feedback but be gentle with you criticism/advice......I'm just joking let'er rip!
1. Even though this is my home, I'm barely there (my family lives out of and I travel extensively for work) so I am looking to pay as little as possible for utilities (electric, water, sewer, landscaping, trash). I actually have yet to shower or cook anything since I closed on the property on 11/12/19.
2. I am currently in the process of tenanting the largest unit and my plan is to take 50% of the current utility bill and add that to the rent.
3. The inherited tenants lease expires in two months (only pay electricity) and I am planning the same course of action as in step two.
Thoughts/concerns are welcome.
Wes