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Updated almost 3 years ago on . Most recent reply

Account Closed
  • Investor
  • Colorado
8
Votes |
36
Posts

How is this handled when single family is converted into duplex?

Account Closed
  • Investor
  • Colorado
Posted

For those who convert a single family house into a duplex (for example let's say you take a two story single family house) and covert it into a duplex by adding a second kitchen, separate entrances to the house and of course the house would have two separate garages (I'd live on the 2nd floor and the tenant would live on the 1st floor)... I get all that... but what about separating the water and electricity? As tenants have to pay their own water/electricity. Not only that, but how on earth would the air conditioner situation work as I don't see how tenants and the landlord could operate a single AC handler since of course everyone prefers a different temperature.

I see a lot of people house hacking... but I'm trouble understanding how I could make it work due to the above 3 issues?

Thanks in advance for your input! 

Most Popular Reply

User Stats

358
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177
Votes
Chad Rocke
  • Real Estate Agent
  • Denver, CO
177
Votes |
358
Posts
Chad Rocke
  • Real Estate Agent
  • Denver, CO
Replied

@Juliet Palfi

Great question, what I’ve found works best is to have the utilities a flat fee that you can charge extra on top of rent or you charge an amount that would include helping to pay for the utilities.

For example if you plan on renting the other unit in your home for $1800 and utilities/internet/water for the entire house on avg are $300

You can advertise the rent as $1800 plus $150 for utilities or say $1950 all utilities included.

It’s a flat fee so your not trying to divide up those expenses.

I hope that helps

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