Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Pricing a rental - separate or combine utilities & estimate cost
Hi all,
Just purchased a house - it is an owner occupied 2-family. The house is a converted single family --> two family. I could use help identifying my options for what to do with utilities. This is the current situation. All utilities are currently combined,
(1) Combined forced air heating and central A/C. One system serves the whole building.
(2) Utilities are shared between the 2 units. There are 2 electrical meters, 2 100-amp panels, and 2 gas meters. Currently only 1 gas meter is being used. Both electrical panels are in use, but the two meters do not perfectly correspond to the two units.
What options should I look into and what other questions should I be asking? I'm worried about including utilities in rent but I don't know if I have any better options.
Thanks