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2 January 2025 | 9 replies
In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.
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10 January 2025 | 14 replies
Does that include utility service to the house, a driveway, septic and well?
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5 January 2025 | 17 replies
Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.
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31 December 2024 | 3 replies
Thus, I think that we could see national rents rising in the high single digits, or possibly surging as much as 10% in 2026 vs 2025, with some markets seeing rents rise even faster than that - Austin, TX regaining much of the lost growth in 2024 and 2025, for example.
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12 January 2025 | 54 replies
And via the clustering we are utilizing green-space in a communal manner thus reducing foot-print of that BUT retaining such perception as each unit has walkout to what seems a BIG green space.
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2 January 2025 | 2 replies
Out of that voucher amount, they will have a utility and appliance work sheet that provides a cost for each utility or appliance not provided by a landlord for each bedroom size.
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6 January 2025 | 4 replies
@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit.
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3 January 2025 | 0 replies
Or is it better to utilize different strategies?
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5 January 2025 | 5 replies
I’ve heard that this neighborhood doesn’t really have any problems from a social worker but outside areas aren’t good. 3/4 units are currently rented at $900 each, renters pay utilities.
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4 January 2025 | 1 reply
If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.