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.
Managing 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 9 months ago,

User Stats

4
Posts
2
Votes

Best way for a landlord to manage utility bills in multi occupancy household

Leonida Miraglia
Posted

Hi everybody,

I know the topic is trite and got innumerable discussions over time, but I still find little to address this specific scenario.

I am about to rent out a house for the first time, 4 separate single rooms, 4 separate tenants unrelated to each other.

I can totally see the convenience of letting (say) a family take over all the bills for the property, but how could that work with 4 separate tenants?

Even if you ask everybody to take one bill each, so as to keep things as balanced as possible, would you ask one to take over the Garbage coming out of their bank account, and another one to take the Electricity? (far from balanced).

And what happens if one stops paying?

As a landlord I would face a problem anyway in this case, but if this becomes a burden on the other tenants, too, wouldn't this push away the good tenants?

Nevermind the bureaucracy that this would entail with each tenant moving in/out.

As much as I try to think about this I cannot find a solution that could prove more convenient than keeping all the bills under my name and requesting payment when they are due (with all the other downsides that I am aware of).

To all the experienced landlords out there, any advice on this would be very much appreciated!

Thank you,

Leonida

Loading replies...