Triplex with one water met

[Wesley Whitehead]

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

[Peter Tverdov]

No need to do that. My management companies deals with dozens of houses like that. You take the bill and split it by the amount of tenants in the building. 4 family with 2 tenants in each unit, take the bill, divide it by 8 and each apartment pays for 2 tenants. 3 family with 11 tenants, divide by 11 and each apartment pays for 4 tenants, 5 tenants and 2 tenants.

So on and so forth.