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Updated over 2 years ago,
Include Utilites on a House Hack?
I just got an accepted offer on my first multifamily. It's a 2 unit property (2 bed/1 bath & 1 bed/1 bath). I'm going to be house hacking and the units share meters (electric, water and gas).
Should I include utlitilties or split utilites, say 40/60 (smaller unit pays 40% and I pay 60% in the bigger unit)? I understand that tenants can take advantage of included utilites, so I'll do my home work and establish a cap if that's the route I take.
Average rents for a 1 bed/1 bath in my area is $650-750 per month.
What are you all's thoughts? Has anybody else ran into this? What solutions have you guys come up with?