Previous owner of a 1960 duplex rental paid heating for tenants.

In my small Texas town $525.00 is on high side for a 2/1 frame with central heat and air, carport and fenced back yard.

That's not true for all RE though, just ask some of the investors that bought 3 or 4 years ago in Vegas, Miami, Phoenix etc.RE has it's ups and downs, but as long as you didn't buy at a peak and you're not over-leveraged, you should be able to weather the ups and downs fine.

This is to partly to offset the increasing cost of property taxes, insurance, heating oil, maintenance costs, and upgrades to the building over the past year or so.

If you are paying the heat bill, I would definitely work to fix that so your expenses decrease.

It has a 3 yr old roof, windows and 3 yr old cabinets.What am i doing:Painting interiorChanging doors to 6 panel from flatNew carpetNew vinylNew light fixtures throughoutChanging elec panel so I can install a new heat pumpAdding new counters( not sur laminate or stone, probably laminatr)The bathroom is my expense- new tin surround, new vinyl, new toilet, new vanity and fixtures.I have line itemed everything from HD and Lowes, Sherwin Williams.The main thing is who was selling the house: it was not listed for sale, it was not on MLS, the city housing authority has gotten stuck with a ton of houses and they want to get rid of them.I think I have a heck of a deal.I will keep you posted.

I want to get an update on the luxury condo/town home markets in Las Vegas, Atlanta and Miami.

Rob: It was built in 1960 and the utilities were on and we walked thru and checked all the major things,roof,heat and air,electrical.

I am adding a heat pump and the 1/2 bath, plus all new appliances.

I want to know how each unit is heated & cooled.