When doing rental property calculators and writing a budget for monthly expenses there is the 50% rule that says expenses should be half of the monthly income, but is that true in all cases? Utilities can vary widely ...
I just got a call from a tenant , they say they cant get the house over 65 degrees . It was 8 degrees this morning . House is on a heat pump . So I go over and everything is working as it should , the heat pump is o...
How do you split the water bill among 2 tenants in a SFR property (main house and detached unit)?Is this something you charge and collect separately or is this added onto the asking rent price? Any pointers would help
This is a complicated situation and sincerely hope everyone can give me some advice on what to do next. This is a long story but going to quickly summarize it below.
I purchased a property in Philadelphia on Sep 2017...
I have a studio attached to my home that I rent to a young couple. They have been living there 4 months and the electricity bill has gone up 200%. I know it's summer, so we use more, but since they have moved in they ...
I am getting close to buying my first investment property which will most likely be a single-family in which I will live in one room and rent out the others. Has anyone had experience with bumping up the rent by lets ...
So last November (2019) I hired a property management company. tenants were moving out December 31rst. By March of 2020 it still wasn't rented. So I cancelled. we had no signed contract. Just a verbal agreement that s...
I have a property where the adu and main house share utilities. adding separate meters isn't an option at this point in time. In the past, I have rented them out with utilities included. When rented out next, is the...
Is it legal in Massachusetts to define rental fees based on a number of occupants?It definitely make sense for me, because I pay a water bill, but I don't usually see it for the long term rentals. Today I found one li...
Hello,I'm fairly new to to Real Estate Investment (4 properties). I purchased a rental property a few months ago and in the process of rehabbing it and getting inspections passed, we obviously had to turn the water o...