Tenants will pay water, electric and gas

All expenses are accounted for in NOI's (gas/electric, property tax, property insurance, maintenance and condo fee).#1 $199,900 asking price, $13,500 NOI/yr, 2,080 sq.ft

Hi, I have a new topic:  Insurance Coverage for vacant properties in which a water leak has occurred, racking up $7,000 in water/sewage costs within 3 weeks.Does anyone know of insurance coverage to cover the water/sewage bills for such events, whether vacant or tenant-occupied (in which a tenant was away, for instance)?

Her money pays only daycare and her gas and spending money.

No water problem in regards to leaks around the windows or in the basement - but this is on the weather side of the house and receives a ton of hard rain.The concrete foundation is extremely hard (very old concrete).

@Neil Harding I mainly only see my family at Christmas, but last time I talked to them, their more rural houses were having a hard time getting renters with the price of gas and mainly needing to drive to Topeka for work.

I hop on the roof with a gas powered leaf blower and walk around the edge.

Utilities are yet to be determined, but i'd estimate around 200 a month for those altogether (cable, internet, trash, electricity, water, gas).I just want to make sure i'm not being taken advantage of.

Put another way, would I not be able to spend the profits on my personal costs such as groceries or gas?

I you become a commercial agent try to land with a specialized to larger commercial firm.Regular residential firms that sell houses might occasionally come across inherited land being sold for commercial or a mom and pop type small gas station.