Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
How to fairly distribute utilities to tenants in triplex
We own an old home that was created into a triplex many years ago. It’s not separately metered for electric (needs major electrical upgrading to do so and will do in the future) and there’s only 1 furnace.
Had intended on using square footage calculation for RUBS to pass off utilities to tenants but one unit has 2 occupants and a window A/C- so clearly the usage is more than an single occupancy unit without an A/C unit. Any suggestions on how to pass of utilities fairly to these tenants in this situation?
Thanks in advance