All Forum Posts by: John Anderson

I'm renting out my first apartment.  It became vacant early this month.  It is a 4 bedroom.  I've had a lot of interest and many want to move in however none are looking to move in tomorrow.  Typically Sept 1.  What is the best way to handle this?  A concern of mine is that someone willing to up and move ASAP might be a low quality tenant.  Any advice would be great.  Thanks

Is a common area electrical meter necessary?  I want to rewire my 4 unit building but I don't want to add a meter for 2 lights in the hallway and 2 lights in the basement that are never used.  Thoughts?

I have a very large 4-unit building with knob & tube electric wires so I want to rewire the building.  However, there is only 4 meters in the building & none for the common area.  The common area consists of 2 hallway lights that are rarely used & 2 basement lights that are never used.  

The electrician I spoke with today said adding a 5th meter for the common area would cost about $5,000.  I am fine paying the +$12,000 to rewire the building but the extra meter seems excessive.  He recommended that I break up the lights to the other 4 circuits.  I understand that might be an issue if a tenant finds out.  I am undecided on if it's best to pull permits & unsure of how I want to move forward.

Would love to hear advice.  Thanks.