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Updated over 1 year ago, 08/14/2023
Paying utilities vs not paying utilities
Good day. When does it make sense to make tenants pay utilities. I have this 4-plex on contract and the current tenants have the utilities included in their monthly rent. 2 are paying 650 and the other 2 paying 550. Which in this case is not cashflow positive. The quickest way is to increase rent by $50 on the new lease or the tenants pay utilities, divided equally of the 4 of them. Only 1 tenant live in each unit.
Thank you.