Real Estate News & Current Events
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago on . Most recent reply
Adding utilities to increase lease agreement - reduce DTI
Hi everyone,
I own a detached duplex (main house is split into two properties so three tenants in total). I have rental agreements of $1700 each - total $5100 and my total P&I is $4100. Tenants pay for water and gas are on one meter and already shared across all three tenants and split evenly. Provided I have a strong predictable understanding of the monthly utility costs, is there a way and is it suggested for me to increase the lease agreeements to add the average monthly costs of utilities to be included in my lease agreements so that I pay utilities and increase my lease agreements by say $200 to $1900/month and bring my monthly rental income to $5700/month to increase the total revenue generated and improve my DTI when looking to get another loan instead property? Is this a strategy worth pursuing and can I write something in the lease agreement to charge more if the utilities start to increase above the projected $200 per month?
Thanks!
Eric