And of course, the building isn't wired for separate meters.So in my head there are only two obvious conclusions: guess how much electricity they will use and set rent accordingly -or - meter or monitor their use somehow and charge them separately for the electricity.There are a few circuit monitoring product's on the market for around $600 that seem feasible, has anyone used something like this?

The posts on the forums need to be monitored so that they comply with the rules set out in the terms of use.

Either way, I highly recommend that you ask for landlord AND tenant references from any PM company and monitor closely until you are comfortable.

Start to incorporate these great tips and monitor the results.

I closely monitor multifamily recently sold and yes most of them were sold off market.

How would I report the income from this home, do I report all the rent I am collecting such as ($2,100x12months) or do I report Net income after all landlord cost are factored in ($2,100x12months) MINUS Reoccurring/maintenance cost?

It's up to us to vigilantly monitor, defend and grow our balance sheets.For a week, keep a Time Tracking Sheet.

@Samantha Klein we plan to put them on our own m2m leases for now and monitor them like you suggested.

I've seen sites with minor leaking etc that could still meet standards if they install monitoring wells and pump the contaminated water out for cleaning and then discharge.

There are usually some good, local investors that monitor those forums.