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Updated over 11 years ago on . Most recent reply

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6
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Brandon O.
  • Investor
  • Honolulu, HI
0
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6
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Prevent Abuse of Shared Electric/Water in SFH Rental

Brandon O.
  • Investor
  • Honolulu, HI
Posted

Hello BP!

I recently purchased a 2 unit SFH and will live in one, rent out the other. The house has 1 meter each for water and electric and I plan on including these utilities in the rent.

Couple of questions:

1. Should I advertise the rental unit w/ utilities included, or specify the base rent and include a fixed cost per person (or something to this effect)?

2. How do I encourage conservation of the utilities to minimize my expenses?

3. Other tips/ideas?

Thanks!

Most Popular Reply

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13,451
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8,349
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
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13,451
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Install separate meters for each unit. That is the fairest approach, so each pays to the degree that they actually consume.

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