Kyle M. you can do that, you can even bill them all together on one bill if you like, just itemize it so that they can see what's going to what.The 'best' way to do it would be to have the water company come out and put an official water company meter in for each unit, but I don't think I have to tell you ... that won't really help your current cashflow concerns!  

NOW you can flame me for posting such a worthless trivial item,,,,but keeping this in mind with how you sand it isnt. 

Fifth, they lost the difference between what they lent and what it sells for 3rd party, or through REO if it reverts back so yes, they do suffer losses.

 $5,000 (could go with cheaper laminant and save $1,500)4) Gut the two small bathrooms $7,000 (Replace bisque jetted bath tub with white standard tub, reframe leaky tile shower, replace vanities/ toilets.)5) resurface kitchen cabinet doors $1,6006) granite counter top ~$3,0007) Remove structural wall separating living rooms $2,0008) GE appliances $2,200There is other work to be done (HVAC, foundation, paint etc.) but items above are the ones with potential for cost savings. 

I self-manage, @Fan Bi, with a regular man to do lawn, trash, and minor repairs, and a contractor for other items. 

They haven't seen much of the benefit of the stock market after getting hit by the 2008 stock losses.  

Have you account for a make ready, vacancy loss or management fees?

It's only $179, so it's no great loss. 

The eviction process, occupancy, loss of rent, finding a tenant, etc. were all too long and costly.

A good management company can stay on top of these items as well as the day to day operations.