David Eiges
Gas Leak Not Reported for 5 Months. Who Pays Gas Bill?
My tenant noticed their gas bill was much higher than normal ($150) and reported a gas leak which was quickly resolved (in 1 day). The issues were related to some joints around the water heater that needed to be repl...
Paul Smith
Lowering Utility Costs
I'm in escrow to purchase a 6 unit apartment building in Ohio and I noticed the sewer and water costs were 73% of the total monthly expenses. Is there a way to lower those utility bills? Perhaps I could pay to have a ...
Christopher Lim
Splitting the water meter, is it worth it?
Hi All,My water company called out of the blue to have the water meter replaced; they are planning to replace all the meters in my neighborhood as part of their upgrade cycle. I figured this could be a a good opportun...
Jun Zao
What is the estimated monthly cost of a 7-unit apartment building
I am currently looking into a 7-unit apartment building on RedFin.Location: Chicago IL, North Lawndale, low income, high crime neighborhood.Asking price: 450,000Total monthly rent income: 7162Well maintained (so claim...
Collin Smith
Two units, one power meter.
I have a duplex that has a single power meter for the two units. As it is now, I pay for power. One tenant apparently likes to keep it near 90 degrees in the winter (thankfully today it was 80 outside so her heater d...
Michael C.
Utility sub metering Denver. Recommendations
Anyone use submetering for Water gas and electric in Denver?I have a triplex with 2 gas and electric meters. Quotes to add new meter and panel from excel are a lot not to mention Xcel and Denver permits are months be...
Doug Karkow
Sub-Metering or RUBS with Low Rent Apartments?
I own a few 4-plexes near Cedar Rapids, IA. Rents are in the ~$550 range and the tenants pay for their own electricity. I understand and appreciate the concept of sub-metering or RUBS, but I wonder how effective these...
Nathaniel Thomson
My first property - "house hack"
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $270,000
Cash invested: $22,100
First investment property. Purchased SFH with "accessory dwelling unit" - bu...
Sebastian E.
Converting SFH to Multi in Baltimore
Hello Baltimore BP folks,It was a pleasure meeting some of you at Account Closed lunch on Friday. I learned a bunch in that hour and a half. For those who are thinking about investing it is a great way to meet folks f...
Jeff Lee
Water during turnover
I had a recent turnover between tenants on my house in Alexandria, VA. My property management company recommended, after the tenants had closed their water company account, that I turn the water back on so 1) prospect...