Hello! Utilities Not Split.

[Kyle S Ripley]

New landlord and investor here!

I acquired my real estate license in 2019. On February 4, 2020 I attended a buy and hold RE investing seminar and subsequently my wife, Hannah, and I changed the trajectory and goals of our life that day. We were now going to do what no one in our family has ever done: be financially free. In June of 2021, we acquired our first duplex and moved in to start house-hacking. (What took us so long, right?)

I’m super stoked to be here and grateful to be on the track to financial independence. 

We admittedly jumped into this property a little hastily, because we found out Hannah was pregnant and we couldn’t stay where we were. We’re 2 years into marriage, first time home owners, first time landlords, first time investors…and potentially first time parents. 

Burning question: what’s your advice on renting a second unit with utilities included? (Because they aren’t split. I could split the electric for $3500.)

Your help is greatly appreciated!

Ps. Thoughts on Ken McElroy in general and his RE courses etc? (NOT including his $50k “brain trust” thing…)

[Anthoney Hanks]

@Kyle S Ripley, welcome to the BP forums!