In the rare instances when your tenants do cost you an unexpected arm-and-a-leg for a plumbing or sewer bill, you'll find that they generally don't have the money to reimburse you for the expense and it ends up costing you a turnover...You can absolutely amend your leases to require the tenants pay a percentage (in this case 1/4) of the utilities.

And the $7k/mo isn't a surprise with what we were paying for my mom (anyone reading this - if you don't have Long Term care setup you really should consider it for that very reason!)

That said, I still analyze and make sure each of my deals (...in Fort Wayne) work using the 50% rule even though I know they'll perform better than this.Always better to be pleasantly surprised than sorely disappointed.

Hi folks - ran across this Bloomberg article on LinkedIn this morning. https://goo.gl/VW2JFF Not such a surprise to this crowd I'm sure.

I would say more of the consideration would be whether those margins are enough to make up for any unexpected repairs or whatever.

I am surprised reading this and other threads that agents provide re-hab costs.  

I am sometimes surprised where I get referrals - it is often from the most unlikely people.And yes feel free to message me.Steve

That way, when something unexpected happens (and it will occur) - tires going flat, someone getting sick, whatever (and it will happen), that your good live and good job stays on track.  

I'm a bit surprised to hear that the price point is outrageously high in Minneapolis.  

You'd be surprised how many questions you can think of have already been asked 10 times!