Statistics show that tenants use up to 40% more water when they do not pay for it.Your options are usually to:1.Have the total rent include water,sewer,and trash.2.Sub meter out the units from the water company if they allow it3.Prorate the amount of water usage for the building an bill each tenant.4.Have a company bill them instead of you.5.Have a private company install meters which is cheaper and they bill the tenant for what they use.This avenue you are still responsible to pay the water to the city/county even if you bill the tenant and they do not pay.On lower income housing I see about 60 to 65% pay their water you bill them for every month and the rest you have to chase for the money.You have to pay the water company regardless.The other factor is tenants will let friends was cars with the outside spigot,take showers,do their laundry,etc. and the tenants will also usually not report leaks or drippy faucets as they do not pay for the water.Another thing to look out for is what does the city/county charge for water and sewer rates.If you research a county you might find they have upped the water rates by 50% in the last 6 years.So one county using 1,000 gallons costs you 100 and in another county it costs you 56.You have to really look at how old the water and sewer system is for the city/county etc. and look at all the costs.I can tell you water is the talk of the town with buyers of multifamily.It can just crush your bottom line.

Agent recommended that I put a coin operated washing machine in the basement to generate some income...

Tavern Wash Park1066 South Gaylord Street, Denver, COOld South Gaylord Street Shops(303) 733-0350 ?

What brought this up was he didn't answer his phone for two days.

If you're in default and the lease agreement goes away, the tenant is now a month to month tenant with probably more rights than had the lease stayed intact.eye wash is ok if you get them to beleive it, but be careful what you say or wish for.....LOL

However, out-of-country seller (no debt) paid $300/month to a property manager, $100/month taxes, $205/year insurance, $350/month water, $120 month for electric/heat (laundry shed), $35/month trash (dumpster shared with 2 other MFHs), $105/month mowing, $20/month pest spraying, $50/month for cleaning of laundry room, in addition to any maintenance required.

The funny thing was, he was always very reasonable on our investment work pricing.

You can also use it to wash off the coils if they are dirty, since it won't leave a lasting smell like bleach willl.

Pressed wood on floors falls apart when it gets wet so check around all sinks, tubs, showers, toilets and laundry areas for weak/damaged floors. 2.

Understand that insurance is designed to insure catastrophe, but has evolved to the point that we expect to be insured for leaky faucets (ok, I'm over exaggerating here)The question to ask yourself is: would I have to put in a claim to replace damage caused by a falling tree or a broken washing machine hose if the damage was, say, $2500.