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Updated about 5 years ago on . Most recent reply

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40
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Gino Tomba
  • Lender
  • Cleveland, OH
8
Votes |
40
Posts

Water bill standards

Gino Tomba
  • Lender
  • Cleveland, OH
Posted

Hey BP,

I will be renting out the upper unit of my duplex that I am also living in. There is one water meter shared between units.

Am I able to charge a monthly set amount for water from the tenant? Or since it is one meter do I have to eat it and work int into my price of rent? 

I have gotten conflicting explanations and want to understand the expectations of renters in the area of Brooklyn.

Thanks everyone!

Most Popular Reply

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28,231
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19,265
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,265
Votes |
28,231
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Gino Tomba:

@Bob Prisco thars what I was told to do. Say I'm planning on asking $875/month, can I advertise at that price and then put that $40 extra in the contract or should I lost it at $915?

 This Brooklyn / Old Brooklyn in Cleveland, Ohio? If so $915/mo for a duplex is way out of line with the rest of the market. The unit will be unrentable.

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