@Robert Pickett, @Bill B. is right. 

For your convenience, here is the new law coming into effect: https://pub.njleg.gov/bills/20...

Quote from @Bill B.: Don’t forget.

And THEN, the same $1 fee is required when doing a transfer to pay me their utility bills, so then I discounted those by $1 too.

You have one set of bills but 4 rents coming in.

Quote from @Bill B.: Is it a paid off $100k home or $5M home? 

All it will accomplish is create a $800/yr tax bill from your lovely state.As to your question, read this thread:https://www.biggerpockets.com/forums/51/topics/1225072-do-i-... 

It is good to know that there is a way to have rental property and don't have to worry too much about how the bills are going to get paid.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

The meters do act up from time to time so you will have to get them swapped out but overall the best we have found.We have also done pro rata bill back but moved most of our parks to Metron.