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Updated over 5 years ago, 05/31/2019
Handling Utilities in Multifamily
I’m looking at purchasing a my first Multifamily apartment 4 unit or 8 unit. One thing I noticed in these older buildings is most time utilities is NOT separated. Therefore, heat, gas and water are ALL paid by landlord. How are you guys handling this issues since these items can vary wildly? Would you still invest if they were not separated? Are you are sub metering? How much does cost typically to separate especially gas and heat?