Anish Tolia ,While your right, they don't cost much, usually $40 to $80 depending on the size, but these costs were incurred BEFORE the property was placed into service, and the baseboard heaters and thermostats ended up around $450.So, according to the IRS, it must be added to the cost basis of the property, which is fine, but at what depreciation schedule?

hi all the factsit is 105 today tennant complains that her thermostat is set at 77deg and the air runs all day and only gets to 80 ,, she is a wuss if you ask me but she has small kids so okthe air con guy was called last time it was 105 and he topped it off the freon and said it was working fine and to drop the temp 25 deg was just about the max one could expect a unit to doso do i just tell her thats whats up it gets hot deal with it ,,any ideasthey pay the rent on time and keep the place nice but im not shelling out 5k for a new unit for her so she can get that 3 deg she is after

Where the cutoff is depends on age of heat pump and thermostat being used.

The 4 unit is heated by one furnace, controlled by one thermostat in one apartment. 

On a lot of the ones I manage we have blocked off the vents to one unit and put in electric baseboard heat with individual thermostats for each room so that both units can pay their own heat.

Electricity can top $500/600 per month during peak monthsTurning the thermostat up to 80 during the summer is still $350/monthNatural gas used only to heat showers is $50-80 a monthWater is at least $100 a month winter, $300 summer (sprinklers)Internet is $50 a monthI know "bills paid" is never a good idea, as tenants won't be efficient.But, "all bills paid" is the norm in this area for roommates.

I was thinking about doing the same thing (limited thermostat), until folks brought up the fact that they can be defeated with a bag of ice or cold wet washcloth.

I would add another 10% to your expenses unless you plan on putting locked boxes over the thermostats.

As I'm thinking about it, there were no thermostats in the units either.

I am looking for a thermostat that I can install where I can set the upper and lower limits of the temperature - perhaps by a passcode.