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Updated almost 5 years ago,
Raising rents or tenants paying utilities. Which is harder?
Looking at a couple of different possible multifamily properties to buy and two of the properties I'm interested in have me wondering which is best. Property A has tenants paying utilities but the rents are well under market rate. Property B has market rate rents but the current owner is paying utilities instead of the tenants (though the units are on separate meters) .
All other things being equal, which is the better property? Is it harder to raise rents or make tenants pay for utilities?
Thanks,
Steven