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Updated about 6 years ago, 11/08/2018
Water billback in Cincinnati OH multifamily
Folks - I'm looking at purchasing a 10-20 unit multifamily property based in the Cincinnati area. Rents are in the 600-900 range per month. What makes or breaks the deal is my ability to migrate water payments onto the tenants.
Question for this community: how common is it for landlords to pay the water bill for Cincinnati tenants at this price point?
Note that I'm familiar with and have my opinions on the benefits and tradeoffs of getting water meters installed or implementing a RUBS system. Determining the best billback method in this instance will be a downstream consideration after landing on the fundamental question for whether tenants typically pay the water in this market.
Thanks!