How do you handle your college rental bills?

[Aaron Caminati]

Hello everyone! I was just curious how some of you with college rentals (with multiple people in one unit) take care of some of the major bills like gas, electric, etc. do you charge a set price for rent with the utilities included? Or make the tenants pay them and just split them?

I currently have people paying a set price and I pay bills from that, but I’m curious how many people do it the opposite and how well it works for them.

[Ron H.]

When I did student rentals I included an electric allowance amount. This was to keep from them setting Ac on 65 during the summer.   Usually going over even $2 and having them pay this overage had an affect on their behavior.