Water here is tied to the property and typically tenants expect water to be part of the "amenities" the landlord pays for.

The RTC days were no better.Class A properties in office can be found on Central Avenue, Camelback (east) and Scottsdale Road, offering unmatched locations, amenities, and prestige.

Amen to that.

If it's tenants, they'll be running over the heads because we all know they use mowers that scalp the grass (and the sprinkler heads) If your tenants want all those amenities they should have bought not rented.

Maybe for a 40 year old high rise with whatever amenities it has, it's right in line.

I was shocked at all the amenities within something so compact.

Those kind of rents (for apartments) would mean class A with all amenities.

Are you able to force some equity in the building by upgrading some amenities and ultimately raise rents?

How do you find out things like what rent you will be able to charge for a unit, what kind of amenities the locals need/want, what your maintenance costs will be, etc?

Hot water heat is pretty amenable to bill back systems, since you can just monitor when they have their valve open and charge them a fraction based on that time.