Once you start utilizing creative leverage such as helocs, brrrrs, cash out refinances, etc you can open a lot of doors.

Hello Bigger Pockets Community,I have a unique situation on my hands wherein my family is looking to purchase a cabin for our family to use recreationally but also to utilize the property as an AIRBNB for a significant portion of the year (Rented Less than 50% of the year as the 2nd Home mortgage dictates).The only issue is that the property is 39 miles from my primary residence (< the required 50 miles for a 2nd Home mortgage).

Utilities are in their name but what’s my responsibility if they don’t pay and the water gets shut off?

This account would be used to pay the mortgage, utilities and save the profit.

Who pays utilities?

Public utilities? 

List the items that you are generating estimates for in your deal such as rent, utilities, vacancy rate, etc.

Generally our process as property managers is to start right on track with market rate and assess activity on a weekly basis and recommend changes that may help activity such as price reduction, changes to allow pets, include utilities into the rent, move in specials etc.

Things to consider with vacant land: are utilities on site or close by.

If so, do you usually charge tenants utilities on top of rent or do you cover the cost of them?