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.

I just closed a DSCR loan on a Duplex with Total Quality Lending.

Pay to separately meter the utility.

In many places there are some utilities provided by the municipality.

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

If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.  I guess you can say I’m all in.  While I do maintain a relatively mod...

I know you said $5,400 but is that the correct monthly rent(total)?

Additionally, it can help maximize renovations and improvements.36.4% of the total depreciable basis was classified as 5-year class life.

Where did you take into account the landlord paid utilities?

Quote from @D'Ann Melnick: Saw this was an old question, but it came up in search - this is all part of the rent stabilization laws passed in 2024 - https://www.montgomerycountymd.gov/DHCA/Resources/Files/tena...The pet deposit cannot exceed $300 and the total amount of security deposits collected cannot exceed two month's rent.