I am thinking about changing forced hot water baseboard heaters to electric baseboard heaters to have tenants pay for their own heat since this is a large expense in Northeast US. Have others done this? Were significa...
The electric company and gas company where my properties are located offer a "Landlord Reversion Policy." This means that when I add a property to the policy, when the tenant moves out, or cancels their utilities they...
In the "BiggerPockets Podcast 332: How to Build a Deal-Finding MACHINE With Adam Johnson and Brent Moreno" they talk about getting a list of properties with disconnected water/utilities. This seems like a great way t...
Hello, I have recently closed on my first deal in Charlotte, NC. It is a single family home with a walkout basement that has been finished to be used as a separate dwelling unit (has full kitchen, bathroom, & bedr...
I am investigating the best way to submeter the water utility at a duplex. Assume minor modifications to the plumbing as the plumbing is essentially separate. From what I understand Wisconsin allows landlords to subme...
I'm supposed to take a look at an 8-unit building this weekend. For some reason, the current owner includes gas and electric in the rent, even though they're both separately metered for each unit. Is there any good ...
I'm closing on my first property tomorrow, and had a question regarding the utilities that are paid for by the tenants.
Here are the 4 utilities:
Owner Paid:
Sewer
Water
Tenant Paid:
Electric
Gas
It's obvious tha...
This is a debate that occurs often in the 50% rule.
Some argue that with owner paid utilities, your expense ratio could very well be much higher than the average 50% while others argue that the rental rate increase fo...
I own a 3 family apartment building that has natural gas for heat. My third floor apt was occupied when I bought the house but the tenant moved and I had to do some major rehab. When I began rehab the heat was still...
Hello:
I am in the Army and just bought a Fourplex.
My problem is that the electricity, gas and water are not split up. The current owner/landlord paid utilities. I dont want to do this and am looking into my option...