Seeking Advice for first Househack

[Michael Akai]

Hello all,

I currently have a multigenerational house under contract (A 3/2 house with an attached 1/1 in-law suite).

I plan to house hack by living in the 1/1 while renting out the 3/2 portion. I think this can work as a "psuedo-duplex" because the property has separate entrances for each "unit" as well as separate kitchens and living areas.

However, there is only 1 electric and water meter for the entire property which poses some problems when trying to plan monthly charges for tenants. One idea I've had was to call the sales reps for the utility companies and asking for average seasonal and yearly costs by sqft. and using those figures as a baseline for what to charge the tenets for their utility usage.

Has anyone who's reading this had success with landlording a MFH with a single meter, if so what procedure did you put in place to fairly chare your tenants? Also, open to ideas from those who haven't come across this issue in their real estate career, but can offer some creative insight!

Thank!