Lessons from Anchorage Meet Up, Rents, Water in Anchorage, Mt. View, ADU

[Nick Bruckner]

It's fun to see investors collaborate and share knowledge on BP and in person. Enjoyed the monthly Vested Alaska meet up at 49th Street last night with investors in South Central Alaska. One investor shared that if you have a duplex or triplex in ANC, and you don't have a water meter, the local water utility will bill you a flat rate of $180/month which is about $140/month more than metered water (if you don't have leaks). The cost to have the utility install a meter is around $1,000. Switching to a meter recovered the $1,000 investment in the new meter installation within 10 months. Another investor shared he has experience installing the meter himself and saving even more money.  

@Chris S. shared some of his experience on tips for being a successful landlord in Mt. View (cameras, taking care the property and being present!), and gave the valuable tip that if your water bill is high, you likely have a leak or a running toilet and she shared wisdom about being consistent with all your tenants with rents and policies for liability reasons. Giving spikes to tenants helps avoid liability claims (in addition to documenting ice and snow removal).

We also discussed the strength of the rental market (stable after a long period of rent growth) and the ADU possibilities and some unique challenges of adding ADUS, even with new regulations being relaxed. It's always fun to see where other investors are at in their journeys and pick up valuable info from one another. If you are in Southcentral Alaska, and want to get on the email invite list for details email me or @Jamie Rose @Tyler Cobb

@Tyler Cobb

[Timothy Chi]

@Nick Bruckner

Nice meeting you the other day!