I would definitely go with a utility cap. 

Looking for thoughts and suggestions on how to utilize these new funds for real estate investing.

The PM change the electric utility to the PM's name.

hi all i am a new landlord and got my first rental property. tenants moved in in September and October. the first month was fine but when December hit it got extremely cold and the heating is electric. due to poor insulation in the home that we did not know about the heat has to be turned very high up to keep the home warm, however since everything is electric it is causing the electric bill to be $800. the utilities are the tenants responsibility. however because of this one of the tenants has been extremely non compliant with paying rent.

Pay to separately meter the utility.

Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping. 

I am just curious if you are utilizing cost segregation strategies for your investments? 

My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.

.- BTW: the $1300 includes all utilities being paid by the landlord.

I should have elaborated in how the utilities are handled.Septic is the only private utility, and thus is my responsibility.