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Updated almost 4 years ago,
Utilities After Closing & Acquiring Tenants
Hey BP,
In 2 weeks I will be closing on my first property that will have two vacancies, which led me to a couple questions regarding utilities and new tenants.
1). If a prospective tenant was to ask what a general utility bill costs at this property, how can I give them a good answer considering that I just acquired the property? Am I thinking too deeply?
2). After the vacancy is filled and the utilities are transferred to the tenants name, what happens with that next bill since there will be a % of days that the LL and TT is responsible for? Is this just pro rated?
*Also, if there is anything else that's notable that I should be prepared to answer, please add. Thanks!*