Typically I do not worry about leaks in a pier and beam house as the fix is typically very simpleBe sure to budget for the worst case on mechanicals such as the hot water heater and ac/heat system 

It's unfortunate, but if the tenant doesn't have any skin in the game on utilities, it's easy for them to ignore things like running toilets and leaving lights and heat on.

Hi, so I'm going to look at a small multifamily today and one of the units has space heaters that are built in to the walls as it's heat source.

Turn the heat down on the hot water tank.Get one of the handheld showers, they can use it instead.

Have had seen this before, underground water storage tank for heating system and it was abandoned and someone turned it on.

Evaluate for 100 in water, 100 insurance, 400 property management and 100 for power to be billed back to the students as that's Included in rent for 300 per bed. 4800 income, at 100% occupancy, 1717.19 mortgage based on 30 years and 4.2%, and private money lender payment of $756 leaves $2326.05 to then take out capex.not sure on those items yet for actual numbers on roof, heating unit or landscaping expense, however, estimate roof of 10k or hold back $168x5 years.Leaving $2158.05heating unit maybe $5000 or hold back $84 bucks. 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Just a general question to see what everyone thinks…What would be your choice for heating a rental property?

But also tout your new roof, kitchen, bathroom, updated plumbing, wiring, heating, with great pictures.

Or just trying to make sure there’s no heat, A/C, cooking,  or hot water whenever the power goes out?