Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago,

User Stats

5
Posts
1
Votes
Laura N Harbin-Waters
  • Pittsfield, MA
1
Votes |
5
Posts

bought an 1890's tri-plex need advice

Laura N Harbin-Waters
  • Pittsfield, MA
Posted

pays all the utilities, heat, hot water and electric for the 3rd floor one BR apt.  House closes on OCt 30, so I can't get in there again.  Owner pays heat and electric for first and 2nd floor apt (she occupies now, will leave on the 30th), there are 3 separate meters for what??? gas related appliances and equipment which the owner pays for.  3 rented hot water heaters, 1st floor pays for that rental, 3rd floor does not. One gas meter 7 years old.  The heat, electric and hotwater bills are very high and when I crunch the numbers they don't work.  With me paying the mowing, snowblowing, heat, electric, hot water, rental for one hot water heater and the 3 meters for extra gas usage, well, do the math.  The 2nd floor apt is fabulous, I have a very responsible tenant that wants to move in (she can pay 1300. but that's all) The thermostat is in her apt so I need someone responsible there.  

Month to month leases - good good rental area, no problem finding renters...

How to handle these situations?  Besides, theres tube and knob that's active in the attic for one light bulb and vermeculite insulation up there as well...some basement windows need replaced.  A small part of the roof need to be done right away.  So I will have some expenses upfront but no huge ones.  I could wait with the insulation removal and reinsulation and the tube and knob I can wait, but I don't want to wait too long.

Loading replies...