Patrick Howe
Water Metered VS. Non-Metered
So I recently received my first water bill from the City of Chicago. My building does not have a meter so I am billed the standard rate for a 2 unit building, it was over $900. I was wondering if anyone had any experi...
James G.
For a Duplex does the landlord pay for water, sewer, and trash?
I received a bill for $1,300 from the sewer company, basically all of my cash flow. Is it common practice for the landlord to handle this? The units are not individually metered. Could I charge a set amount per month ...
Ken Latchers
Water Expense problem
Your advice appreciated with this dilemma:
I am about to close on a 6 family (1987 construction). Rent is currently $2100/month. There is one meter and I JUST found out the monthly water bill is like $300-$350 - I ...
Derek Luttrell
Tenant vs. Owner-Paid Utilities
Hey Everyone, I have pre-approval letters on a duplex and a triplex, and on the triplex, the owner pays all the utilities. The triplex is listed for $95,000 and brings in $2500/,month in rent, while the duplex is list...
Cydney Smith
Water leak issue
On the 2nd of January, Our tenant called and said there was a water leak in front grass area of yard that she thought was an irrigation system leak. We instructed her on how to turn off system and requested se let us ...
Heather Lewis
HOA Pool Policy Question - Williamson County, Hutto TX
Does anyone have any HOA language they've seen or examples out there in Texas where the HOA rules do permit renters to access and be able to reserve common areas, such as for a pool party? I'm looking for an example ...
Chan K.
Landlord – Tool or Device to Detect Pipe Burst or Constant Runnin
Hello Landlords,I want to find out what kind of device you are using to detect pipe burst or constant running water. Most of the time when the pipe is burst in the basement or constant running water due to leak or abu...
Mike Snyder
Recommendations for an REI competent CPA?
There is a great discussion on BP about LLC usage and caveats for REI properties here which highlighted the need for competent CPA who understands these waters. This may seem self-evident but can I get some feedback f...
N/A N/A
How can I find a commercial lender who will say yes?
Okay folks here's the challenge. I have located a mixed use property in Baltimore, Maryland. There's a tavern on on the first floor in a good neighborhood and the second floor has a 3bdrm apt which could probably be c...
Account Closed
Disrupting a Good Tenant
I have a somewhat easy, but worthwhile question. I have a tenant that has paid like clockwork since beginning a two year lease in March. In my lease agreement it requires the tenant to notify me of any adults that ...