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Hello, I really need an advice.Here is the story. I am in CA, at the end of last year I bought a rental house in Indianapolis. It has a tenant who is responsible for paying utilities bill. Last week I got a tax bill...
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I have a question pertaining to water bill payment and responsibility. I own a condo and the tenants are responsible for paying the water according to the lease. My last tenants were not consistent with paying the w...
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The PM refuses to log the utility reimbursement from tenant properly, is this really a big deal?I pay the utility directly, for reasons of ensuring it gets paid and is not the issue here.The tenants receive a bill cop...
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I recently purchased a top/bottom duplex that originally was a single family home, about 1k sq ft per unit, it's located in Ohio. It has one gas furnace and one electric AC unit. The first floor's electric bill is p...
I recently sold a 2 unit apartment. the electric service was on one bill. therefore we paid the electric bill. When we sold this property the buyer new the electric was on 1 service. My question he is saying it is...
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Hi.
I am looking for Small Multifamily In STL.
Need some help help with what should I use as estimate for utilities.
What is usually paid by the owner and what is usually paid by the tenant? And what is the average...
How do you know if your tenants are paying the water bill on time when you own multiple properties? I have a copy of the bill sent to me each billing period but I dont know if they are behind until the next bill comes...
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Hello, I have a 1099 S taxable gain deduction question.Background:I own two homes free and clear, I’ve owned property A for 12 years and property B for 3 years. When I purchased property B I moved in it to rehab it fo...
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Is this a thing? I'm considering making an offer on a multi-family. This would be my first multi-unit purchase. The only problem is that it does not cash-flow due to the owner paying ALL utilities. I don't want to st...
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A building has 2 main units with their own meters for utilities. However, there are also 2 non-conforming spaces. One liveable attic space with its own furnace but all of its utilities are connected with unit 2. The s...