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Updated about 5 years ago,
Utilities in St. Louis
Hi all. Newbie here. I noticed Brandon Turner often mentions his tenants pay all the utilities in his rentals. That was a new concept to me, since every apartment I had ever lived in the landlord paid water/sewer/trash. I'm wondering what seems to be the norm in St. Louis? It would be great if tenants paid those utilities, but if I should plan on paying them it makes a serious dent in my cashflow. I'm running the numbers and hoping to get my first multi-family, and I'm just wondering if I should plan on these expenses. Secondly, if your tenant pays all the utilities, do they expect to pay a reduced amount of rent? Or do you still ask for a market value rent and the tenant pays utilities? Thanks.