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All Forum Posts by: Ryan C.

Ryan C. has started 2 posts and replied 3 times.

Hello all, I'm "in between" investments right now as others might be too during this hot market. So I'm trying to save up for the next strategic move. I was curious where people are parking their money in the 1-3 year or longer to save up for their next move that's safe. Stocks? Bonds? Savings Account? Under the mattress? Let's hear your suggestions. You can even be specific too if you've got a ticker symbol you think is worthy. TIA!

Thank you John and James. I'm planning on just adding the cost into the rent as you said. Do you put anything in the lease in regards to not exceeding a dollar amount with the utilities? As in, since they don't pay them and have responsibility in watching costs, what stops a tenant from running the heat with the windows open?

Hi Everyone, I'm hoping someone can help out on this unique situation. I currently have a duplex under contract here in Saint Paul and I'm trying to get my ducks in a row before closing. The duplex has 1 washer and dryer in a common basement area. The washer is metered (hot water heater + electricity) with the floor 1 tenants, the gas dryer is metered with the floor 2 tenants. Can I legally have them pay their own utilities with this current setup? 

I've heard a lot of different answers ranging from yes, you just notify them in the lease, or yes, according to Statute 504B.215 you can, to no, you need a common area meter. I've also quoted putting in a new set of washer/dryer unit so that each side has it's own, but that's not cheap. So confused! Thank you in advance!