It cash flows without the utilities split but I am planning to hold onto for a long time so splitting the utilities seems to make sense.

Everything paid starting from November 1st is deductible.Now, to the controversy that I mentioned, and ONLY if you really want to go down this rabbit hole.

I would definitely go with a utility cap. 

So now we cover utilities for both units and the new tenant pays a higher amount too on the back unit to cover all the utilities with a great profit.  

We started the eviction process.

Hello Andrew,I’d recommend starting by finding an agent who specializes in rental properties.

There are two main ways to utilize this exemption.

Good luck getting started.

hi all i am a new landlord and got my first rental property. tenants moved in in September and October. the first month was fine but when December hit it got extremely cold and the heating is electric. due to poor insulation in the home that we did not know about the heat has to be turned very high up to keep the home warm, however since everything is electric it is causing the electric bill to be $800. the utilities are the tenants responsibility. however because of this one of the tenants has been extremely non compliant with paying rent.

I will add that you definitely do not need to be near your investments, but it makes things a lot easier when you first start off.