Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).

Not sure why they would turn the heat off in the winter but in any case that shouldn't cause mold in freezing temperatures.

Additionally, transferring properties into a trust for estate planning purposes is possible if needed.To maximize your leverage, I recommend exploring multiple DSCR lenders for better terms and working with a real estate attorney to structure your LLCs for both protection and lender compliance.Let me know if you’d like more details or assistance with financing!

So far there is some indication of a little uptick for 2025 booking - I've already booked out a few weeks beyond the winter, which is when I go down and take care of maintenance and repairs - and in the summer, but traffic and inquiries are way, way down.If you feel like seeing a blood bath, just pull up the MLS and look at the Margaritaville development.

I had a legal team suggest I move all my properties into a much more complex structure for estate planning but I think that’s a total waste of time and money.

I do not visit them as often especially during winter months due to the distance.

In that case, you don’t have to file an Illinois return and we will withhold your Illinois tax liability (equal to 4.95% for Estates/Trusts & 7% for Entities of your Illinois income) from the April distribution.

I plan to come a scope out locations/properties this winter. 

Let tenants know you'll keep it between a certain range of X - X in the summer or winter months.

I won't get into too many details since the list would be long, but in 2021 I bought a house in Tucson for a part-time escape from Washington state winters while Airbnb'ing it the rest of the time.