Now I'm not saying abandon ship, just warning about market changes and how quickly they can happen.

"The only ship that never sails is the partnership"I've been in one partnership where we both had similar skills...energy, charisma, and not tons of money.

pretty weak Tim, I hope they docked you a couple influence points for that response :lol: I really liked Bill's response.

Simo closings are not common with the economic hard ship (In the Cash Flow Industry).

This way your buyer is invested in the place and will be less likely to jump ship.

I picked it up on Ebay for $30 shipped.

@Robert Zavala sounds like you have been running a tight ship for a while!

Atleast thats how I look at things outside of the RE world, so if i had my hands dirty in a deal, it would be more important than ever to run a tight ship.

I found a factory/mill with no distribution in my area so they shipped me direct.

So you can keep things status quo,put in meters for each unit (recommended),or also use the RUBS system.The RUBS system is (residential utility billing system).A private company comes in and puts meters on each unit instead of the water company.Then they bill the tenant for usage and collect payment for you for a fee.You still have to cover payment to the water company as it's one line going in with separate meters but the tenants argue less as the landlord isn't saying this or that person uses this amount but this third party company does.You have to check as RUBS is not allowed in all jurisdictions.For your area also check if utilities are included in the rent payment from most of all the other multifamily landlords close by.If it is you will have a big problem metering and charging as the tenants will jump ship unless your base rent is much lower to compensate.Not a little lower but MUCH lower.If your research concludes that most have metered out in the area and do not include utilities in total rent payment then it is a good move and customary for the area.Do not overpay for this property.Water is the biggest investment killer for multifamily long term if not handled correctly.