I would also try to minimize expenses through decreasing cleaning costs, installing smart tech like a thermostat to control utility costs, etc.5.

Currently, I have 11 doors under contract. 

The real issue is that they didn’t have a plan to monitor usage or set up protections to minimize costs during the eviction process.Ideally, the PM could’ve done things like:Limit access to unnecessary areas to reduce power use.Install smart thermostats to keep heat at a safe minimum.Request a utility cap in court during eviction proceedings (if allowed in your area).Bottom line: It’s less about the utility switch itself and more about proactively managing costs once the tenant overstayed.bro what? 

Partnerships and smart financing made this deal a win!

A deal is a deal, but it helps if you have someone in mind when you contract it. 

However, I wouldn't DIY and would contract everything out.

You can consult with your Realtor to create this contract and make sure that it conforms to the laws of your city/state.

Unless I'm mistaken, the contract between owner/landlord and PadSplit doesn't have a defined monthly rent but a target/goal of monthly income (so it's hard to use that as lease).

This will consist of finding a good deal that requires some work and is below market value, and making sure your contractor is accurate with the budget and executes the work as stated in the contract.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.