Uhhh you do realize the disastrous law is a signature piece of legislation of someone with veto power who thinks himself infallible.  

Pipes and electrical cost a lot not to mention foundations.

Annual Operating Expenses Real Estate Taxes $14,650.00 Insurance $6,874.00 Water and Sewer $18,171.00 Snow Removal $0.00 Trash Removal (ROT $60 x 12) $3,768.00 Electric $10,594.00 Gas $9,803.00 Oil $0.00 Legal (rule of thumb) $500.00 Management Fees 10% $0.00 Repairs and Maintenance $49,329.00 Other (Turn Costs + Onsite) $41,222.00 Other (Onsite Manager) $24,000.00 Total Annual Operating Expense $178,911.00 I'm thinking this is a pretty easy fix.

I am capable of basic plumbing, electricity, Sheetrock and general handy man work.

So about a month ago we had a pipe burst in one of our unit, water ran from upstairs bathroom down to kitchen and into basement. water remediation company had fans and dehumidifiers in that tenants place for about a week running continuously. their utilities bill webt from being approx $50 normally to about $108 dollars so around double. theres 3 roommates in that unit and each one got a $100 disount for that months rent to compensate for any contractors coming in and out and not having hot water for about 5 days. my question is should i pay for the additional electricity used caused most likely by the dehumidifiers and fans?

David Jackson Real Estate investor with a background in remodeling, landscaping and electrical since 1992 a member of the nccer since 2010.

We pull electrical, plumbing and gas and HVAC permits when necessary.  

I work in NYC as an Electrical Apprentice and want to start my journey as a real estate investor.

I am rounding my mortgage costs up for easy calculation and my owner expenses (percentages) are pretty conservative Purchase Price: $215,000Gross Rents: $2,400 ($1,200 per unit)_________________________________________________________________________________-Mortgage Costs-Principle: $1000Interest: 3.5% ( I may do a rate & term refi for a 3.2% interest rate)Taxes: $210Insurance: $140 (Lowest quote thus far)Appox.Total: $1350/month_________________________________________________________________________________-Owner Expenses-Utilities: $0/Minimal (water and electric separate)Prop.

That's what powers BP.