I have recently received several high water bills because the tenants have not indicated that they had a water leak. Does anyone know of a low-cost remote monitoring system that I could place on my apartment building...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Cash invested: $18,000
This was my 3rd investment property that I purchased. Roughly 9 blocks away from th...
Hey guys - just closed on my first duplex yesterday. Water/sewer company wants to charge me for two $37 "base fees" even though I have just the one water meter. Anyone know if there's a way to get around this? Total s...
Hello All, I am starting this discussion to see if anyone has been in the same predicament that I am facing at the moment before I place a property up for rent. I am in the process of putting my place up for rent and ...
Hi! We own several duplexes where the water isn’t separately metered. I recently listened to a Podcast discussing this issue, but I was driving, didn’t write the info down, and now I can’t find the episode! The gist...
How do you determine what expenses the tenant pays and what expenses the owner of the property pays?
Howdy all!I am looking for suggestions on a "fair," maybe defensible is a better word, formula for splitting the water bill. Currently the usage is out of control.The backstory is that the house is 4 families and is ...
Hello everyone,We're looking at a deal and would love some input from some veterans. This is a 10 plex in our town, just five minutes from our house. We would do the property management ourselves at least initially, b...
First time land-lording, so go easy on me :)
The area my property is in has coin-op laundry in the basements which seems to be common on other similarly rented properties in the area. I would deem the neighborhood a...
Hello!
We have a multifamily property consisting of a number of buildings, three stories each.
We have been installing water meters to bill back the water to the tenants. Each water meter is supposed to connect to...