Bottom line IMHO is read and fully understand your states requirements, insurance policies so they stay intact, and run the LLC as an LLC so that a prosecuting attorney cannot pierce it’s veil with a charging order or foreclosure on a member’s interest, by proving that you ran the LLC as sole propriety.

You want to make sure you do not fall in the clutches of the bottom 20% of property managers out there.

Its posts 5 and 6 from the bottom.

The stock has been moving sideways for about 1.5 months, which looks like it's putting a bottom.

Micheal,What is customary for the area where you own the property.If other apartment buildings include water with the rent then I wouldn't separate out.The tenants for that area are conditioned to have water included and many will move elsewhere on you.If you just have an old building that needs to be metered out and tenants paying for water is custom for the area then go ahead.When tenants do not pay for water they use on average 35% more and do not report leaks with the property as they don't care.Direct meters the tenant will be responsible for from the street.If they do not pay they cut off that unit.If you put a meter just to read for yourself and then bill the tenant you the landlord can be still responsible to pay to the water department.It all depends on how the local water authority handles things where you own the building.Water is like liquid gold so if you can control it your bottom line will be better for it.

This is by far the best education you can get about REI (it's a steep learning curve, one of which I am still on the bottom of) but it will prove worthwhile.

Why do that while prices are still declining and you do not know where the bottom is?

If there is no upside, move on to another deal.....bottom line as to the original post.

Typically you will not get the rock bottom prcing from the avg mortgage broker, due to the fact that they charge you a servicing pt that increases your rate.

Bottom line you did the right thing per your lease agreement.