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Hi BP Community,First purchase in the works, closing June 29th! Found a 4-plex in residential area (population <3,000) about 45 minutes away.Purchase Price: $92,000 (MLS) Bank Appraisal: $99,000 (appraised "sale" v...
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We really want this 3 unit property in a nice area. Heres the challenge: Presently 2 oil tanks there. One burner is gas, the other oil burner. 2 units are on 1 gas and 1 electric meter. Cost for the conversion from...
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I've been looking into sub-metering a SFH home with a mother-in-law suite and experiencing difficulties regarding zoning and the utilities companies. It's led me to discover home monitoring systems like Eyedro (for e...
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Hey allI'm looking to see if any landlords in Massachusetts have gone through the process of submetering heat (natural gas). I have a property with one boiler and one gas meter with six zones each with its own thermos...
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Hi everyone. Has anyone used the TrueSub meter? Bought my first 4plex split up in 2 duplexes so 2 meters for 4 separate units. Wondering if this is good to get. Thanks for any insight.
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Hello All,I have a multifamily with 3 Apts in NYC. I am looking to install a washing machine and dryer.Tenants pay their own GAS and Electric.I have a choice of putting a coin washer/dryer in the basement however I do...
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Can anyone recommend a good water sub-metering company for a Duplex in Fort Lauderdale - Broward County. Has anyone had it done in this area and also would you know the approximate cost?Thank you,Jeff Hubert
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I’m curious to hear opinions on whether it makes sense and how much it costs to submeter a duplex. I have a water bill that seems really high every month (about 250-300) that really eats into cashflow. We are investi...
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Hey, BP!
I spoke with the local utility company about an 8-unit property I'm analyzing. The water is master metered and I'm looking at sub-metering it out. They laid out two options for me:
1) Have separate meters f...
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I was recently at a payment center for my local water and power company and I began a discussion with an RE investor and he was outraged at how his tenants were consuming water. This landlord, I kinda felt his pain, s...