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I am looking at purchasing a small 22 unit MHP mostly owner occupied. The seller sub metered the water about a year ago but has tenants who have yet paid their bill. When I purchase I will expect that all tenants pa...
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Hi! Would love some opinions. A tenant wants a pool heater. It costs maybe $5,000. I think it adds value to the property so I’m open to doing it but would you ask the tenant to split the cost?
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Good evening everyone,how do I separate utilities when I have an ADU that is rented with a fixed utility price? I am currently living in the main house, but will soon be moving in the upcoming summer due to another pu...
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This past month we had to pay an extra $600 in water and sewer costs due to an undetected water leak. (unfortunately it is set so landloard pays water and sewer utilities) I really want to install flow meters so tha...
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So I notice a lot of multifamily landlords I talk to seem to be paying for water/sewer/garbage. Is this normal? For example, a house is split into an upper and lower unit, each 2/1. The current landlord pays ~$190 a m...
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So I just closed on my first investment property!
It has been a crazy experience so far and I'm sure it won't stop here.
-Luckily each unit has their own oil tank- What I was thinking about doing was filling it up b...
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I own a triplex. I live in the main house up front which has its own water and electric meter. I have two small homes in the back that share a water and electric meter. How do I handle utilities for these homes since ...
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Thanks in advance for your help!Situation: Got water in the garden unit of a 3-flat investment property about a week ago, got a new cast iron 3/4 hp sump pump, confirmed that it worked. Got more water yesterday, chec...
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I am currently purchasing a condo that has a studio unit and a 2bd 2bth unit, not metered separately. I’d like to bill the tenants back by number of people in each unit for water, and sqft for electric. The reasoning ...
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I am currently looking purchasing my first multifamily. Quadplex. Other than mortgage payment, taxes, water, sewer, trash, grass mowing. What am I missing? Also the electric water heater for coin operated washer a...