Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

34
Posts
11
Votes
Joseph Escamilla
Pro Member
  • Lender
  • Charleston, SC
11
Votes |
34
Posts

Utilities when Marketing Rental -HELP!

Joseph Escamilla
Pro Member
  • Lender
  • Charleston, SC
Posted

Hey everyone - I currently have a triplex under renovation and one unit is ready to be rented out. The utility setup is unique. All 3 units share water , 2 out of 3 share gas, and electric is completely separate. To make things less complicated we increased rent by a flat fee of $250 (average of the past) and are saying tenants are only responsible for electric. 

My question is am I allowed to market the rental saying rent is $1,050/m and then in the description show that utilities are $250/m? For some reason my Realtor is telling me I MUST list it at $1300/m and then just put in the description that water and gas are included.  My worries are 1) for people that filter by price we wont even show up.  And 2) for potential residents comparing my unit to other units with same bed/bath count and sq footage I will automatically look like a much higher price especially if people are just browsing and not reading the description. 

Is it a law that I have to list it at the higher price? It just doesn't make sense to me since I am trying to convey how much the unit costs for the space. I don't think anyone will be taken aback that they also have to pay for utilities. If anything I think it's a benefit that they don't have to create account with utility companies and they can be frivolous with their water/gas usage! 

Hopefully someone with experience with this can help out. Thank you in advance!

Joe 

  • Joseph Escamilla
  • Loading replies...