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Updated about 5 years ago,

User Stats

170
Posts
141
Votes
Wesley Whitehead
Pro Member
  • Rental Property Investor
  • Depends on where my employer sends me
141
Votes |
170
Posts

Triplex with one water met

Wesley Whitehead
Pro Member
  • Rental Property Investor
  • Depends on where my employer sends me
Posted

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

  • Wesley Whitehead
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