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Updated almost 5 years ago on . Most recent reply
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Estimate Utility Costs (water, sewer, garbage, etc) in KC?
I am currently practicing deal analysis, using the rental property calculator tool. It takes me a while to analyze a deal and even then, I am not 100% confident that my numbers are right each time.
I'm trying to make my numbers as accurate as possible.
Where do you all search for estimating the costs of the following:
+water and sewer
+garbage
+gas and electric
I have been listening to many podcasts and webinars and I know the answer could be as easy as googling it, but I would like to know what other, experienced investors do to estimate these costs when analyzing a deal. Where do I look for these costs?
I am analyzing multifamily deals in Kansas City, MO.
Thanks!
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Originally posted by @Nina Granberry:
Thank you @Steven May ! That is very helpful information. I am currently working on a deal in Belton, MO where all of the utilities are charged to the tenants. I hope that future multifamily properties I find in KCMO work out the same way. Thanks again!
Nina, confirm that the water is metered separately too. Sometime electricity is but water isn't. To get costs, you can generally call the utility company and they can tell you what they have averaged.