Okay the 4 unit buildings when built in 1981 have one meter going in.There is no sub meters.Fulton county water stated that is what the builder requested in 1981.Fast forward to today.Fulton county does not do sub metering for these buildings.The water company stated these buildings only have a 3/4 line meter on one and 1 inch line meter on the others.Water bill has been high.We fixed a bunch of leaks and filed leak adjustments to Fulton county.Water company says they can test meter to make sure it reads right.Previous owner had high readings as well.Some tenants are only supposed to have 2 to 4 people living there on lease.End up having 8 to 10 people and they use the water constantly even with no leaks.Currently we provide water,sewer,trash into the total rent.We have to do it this way because with one line if the 3 tenants pay the bill but one does not the water company will cut off water to the whole building and lien it.Since it is one line into the building even if all leaks are fixed I can't go up to a tenant without proof they are using more water.I can tell tenant with an adjusted lease they are responsible for any usage after 50 bucks a month but they might not pay the difference.My plumber told me of a company that will install individual meters and then bill the tenants directly.Have any of you had experience with these companies?

Remember, the market will trough a few times, wiping people out each time it drops after a trough, when no one is interested in RE, when there is only 1 buy at the Trustee sale.... the market will have hit bottom.

This drops the price of the home.

Decided to drop the price, upon re-posting I realized that They had checked the box that doesn't allow replies.

But that was also repairing roof patches where the existing gutters had backed up and caused water to leak into the house.

Loan $196000Values have dropped since then. not sure how much yet.

As long as the rent is paid and they are quiet I don't care.Now when people get in hard times I find 3 people turn into 10 people living under one unit 2 beds,2 1/2 baths.The problem is the people that were qualified credit and criminal are on the lease and the others are not.So the unknown people have not been qualified to see if they will be a problem or not.More people wear down the units faster,cause noise with extra vehicles,and parking issues.Our water is not sub-metered and is paid by us the landlord.Extra people taking a shower,flushing the toilet,washing clothes,cooking etc. runs up the water bill.Water company says people use about 60 gallons a day on average according to statistics.I know there is fire code limits but I was thinking of having in lease max of 4 people and anything over that is 50 dollars per month per person.This would cover extra water bill and help with extra turning costs with the heavier traffic usage.

While it feels we are past any major drops/corrections in parts of SoCal, I cannot help but look at other parts that have a long way to move.

I think a lot of people got greedy in the past couple of years and then the market dropped in stocks and real estate.

The rental has a small finished room (dropped ceiling, Sheetrock) in the basement.