Good morning, I really appreciate any constructive feed back. I just bought a property in PA with tenants in it. I didn't ask to have them out (big mistake) They where not paying market value rent and only electric and Gas. I pay for water, Sewer and trash. This bills are Streamly High. I did raise the rent this year by $50 but still very low. I warned them few months ago I will have to split the water meter into three units but at the moment i have to come up with pluming money and wont be fair to split the bill in three . I do split trash and sewer. They complain the bill was so high and cant be possible. The last Landlord pay for that. I told them, they can move and pay market value some place else and still pay all utilities.I also told them the last landlord bought that house for 60k ten years ago(slumlord), and I pay $250k , and invest $14k to fix it.One of the Tenants keeps breaking the toilet handle and water keeps running for days and the sewer meter keeps reading and thats the reason for the bill being so high. Should I keep paying for water bill or should split the meters with the town?. This utilities are keeping me almost in the red and I'm sick if this, almost want to sell the property. Although I know if rented at market value is a good cash flow.
THANK YOU