I am about to buy my first investment property in the Cleveland area. For those with properties in the area, what are your average costs for the following expenses (if you cover them for the tenant):Property insurance...
I think this is my second post? :-) I have a SFH that I'll be renting in October. Already have a PM lined up, but had some questions that I didn't get a real warm and fuzzy on all of them. 1. Solar Panels - I'm ok ...
Hello,We bought a duplex in October of last year. Our water bill has been a lot higher compared to the bills in the last three years. I know a total of eight people lived in both units before we purchased the home and...
I am looking at a quad-plex that only has two water tanks and two furnaces, where I expected four (photo below). Seems like each furnace runs two units, same for the tanks. There is no way to fairly bill usage back to...
Hi Guys - Our tenants are responsible for their water and sewer. Last spring, due to a change of hands in property management (outside of our control; our PM sold to another), our tenants were not billed for the Febru...
Hey BP,I’m closing on a triplex in Akron soon, our first multi-family, and was wondering how utilities for shared/common areas were handled. I’m sure for commercial apartments, there is a separate electrical box paid ...
So I'm going through my rental property portfolio and raising rents due to proposition 10 and possible rent controls in California... see (no on prop 10 www.noprop10.org)For single family houses:I was wondering what t...
I am looking at a triplex in South Jersey. It has a single water meter for the whole property. It currently costs about $250/mo for water which is crazy high in that neighborhood. I’d like to start charging it to each...
Hey all!
My water bill was $4,500 last month, compared with the typical $90/mo.
The water meter detected a leak of about 7,000 gallons/day for over a month, before magically "fixing itself".
Has anyone experienced...
Currently looking at a 4-plex that has the water paid by the owner. Was thinking of separating the meters for future / new tenants. Does anyone have experience for what separating the meters would typically run? Fo...