South Wisconsin - Utilities Costs and Practices

[Quinton C.]

Are utilities typically included with rent in the South Wisconsin markets? If so, what do they typically run per unit or square foot?

I am looking at the Janesville area and Rock County specifically, targeting small multifamily.

From looking at available listings it seems that water is often included but others are not.

Any other advice or information on what to expect in maintenance costs is great as well.

[Tom Parsons]

@Quinton C.

Utilities costs can vary a ton based on many factors. Many duplex units have split electric and gas, so I recommend putting them in the tenants name (I require it). Water is often shared in many old buildings or homes that have been converted to multi unit. I pay water but I inform tenants that if usage is above historical averages, rent will adjust. They need to know you will watch the bills.

Great area to invest for lower point of entry and easy to fill units. You wont get the crazy $ returns of big markets but risk is low.