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I bought a quad in Rye last year and it’s been reasonably smooth sailing until about last week. In my lease I have it that tenant pays ALL utilities; I have the water metered so I have to charge back the tenants every...
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Has anyone implemented the strategy of billing tenants a set monthly cost for water? I think it sounds like a better strategy than baking it into the rent. Seems like another income source on the property. Thoughts?
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Hello, We run a small building and have been having problems with our water bills. They are too high, $72 in charges without even turning a faucet on. We have problems retaining tenants because of it and it seems the ...
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Hey everyone. I'm currently finishing setting up a single family home house hack. I'm living in the basement, and renting out the 1st floor rooms individually. I was wondering, for others in my situation, how do yo...
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I'm looking into a 17 unit apt complex where presently the owner pays the gas bill. Needless to say, the winter months are killer..
I was wondering if anyone here knows anything about submetering gas for an apt build...
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How does everyone ensure that utilities, electric, water, etc, are switched to the tenant upon move in? Providing a slip showing they've contacted the companies or do you call the utility company the day of to make su...
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Hello BP,In starting to analyze potential deals, I've run into my first big question. In Minneapolis or Minnesota, who pays the utilities? Does it vary based on SF, duplex or apartments? If it's the landlord's respons...
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Hello fellow BP Investor and friends. When Multi family homes (mainly a duplex from what I’ve been running into) doesn’t have separate meters (gas, elextric, etc...) how is it that both tenants pay for their fair sha...
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What is the best way to charge your tenants for utilities if there's only one meter? One unit upstairs and one unit downstairs.
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Hello all,I own a 2 family in the Bronx. I have lived in the first floor unit/basement since I purchased the house. The basement is attached to the first floor unit, but also has 2 means of egress. Essentially it i...