Hi All,I just got my first-ever tenant moved in this past Saturday and all was going smoothly until she called to set up her electric. She was told by our local power company, PPL, that our meter base needed to be upg...
I have a question about my current tenant. They are inherited tenants from the previous owner. There is quite a bit of damage on the unit before I bought the property. We plan not to renew their lease because we would...
Greetings BP!I'm about to buy my first multi unit, and currently the owner pays gas, water, sewer, and trash. Also, the building is in need of significant repair and current rents are $375 for an efficiency up to $57...
Hi All,When i run the numbers on properties in Philly, if its a SFH, i usually don't include Water, garbage, electric etc. becuase that can be billed back to client: at least i think.Can somebody please confirm what c...
Hello BP community,I need some advice on handling escalating utility bills. My previous office manager really let things slide on my 30k sqft office complex. We have 60 tenants with 6 in lease. Thats right, the office...
I have a 2 family house, the first floor unit along with the garage and basement lights, are all on one meter. Previously the first floor apartment was rented to college students so I would pay for all utilities... We...
I just found out while analyzing a multifamily (3 units) property in St. Louis that water billing for the entire building is condensed into one. My agent tells me that water is not metered in St. Louis (city) and is i...
I own a 4 bedroom house that is currently being rented by 4 friends together - great tenants, btw. 3 of them are moving out in a couple months. The 4th person wants to stay and I would love some insight on how to ma...
im looking at a small duplex thats for sale, deal looks good except the current landlord pays utilities because they are not seperatly metered. have you ever had to get units seperatly metered for gas, electricity and...
What are some common ways of splitting expenses in a co-owned property where one partner stays in one room of the said property and another one rents out a room? In case of loss of rent, is it common for the non-resid...