Melissa N.
Ways you've reduced your heat bills
Hello BPers,We are looking at a building with landlord paid heat. The bills are insane! Besides the obvious of sub-metering what have you done to reduce your heat bills?
Elliot Cole
Best way to reduce duplex boiler heating expense?
I own a duplex where I pay heat for the property. As an added quirk, the downstairs unit contains the thermostat for both units. The boiler is the only thing in the property using gas and last year my bill was over $2...
Alexander Zurn
Best ways to reduce expenses on small multifamily (heat, water)
Hello - I have an out of state 2 unit rental property that cash flows but could be way better if I can figure out the best way to pass all expenses to tenants. Right now they only pay electricity and I am paying water...
Adam Craig
Tips on setting thermostat to reduce heat bills on rehabs.
Now that I have 6-10 Gas utility accounts at any given time from rehabs or vacancy, I am trying to be more economical with the heat settings this winter.Turning the heat off is not an option on most because water in t...
Jordan R.
Should heat billl be a deal breaker?
Looking at a triplex and the only issue is the current heating bill (Electric Boiler and electric secondary). There are two one-bedroom and one two-bedroom. The current owner pays for heat. This property cashflows in...
Louis Aller
Separating Heat in Walden NY 4 unit
I have a four unit in "upstate" NY with one oil boiler paid for by me. What is the best way to separate the heating system and pass that utility onto the tenants? (The utility company will run natural gas lines to the...
Chris C.
Replacing Electric Heat With Gas
Hello,
First of all, thank you for taking the time to check out this post. BP is a great resource and has saved me thousands as I started out.
Situation: 100 year old building. Bottom unit is gas, top ...
Mike Roy
Six months into my first investment property in Maine
Hello - I'm six months into my first investment property, a 4-plex in Midcoast Maine, and thought I'd share the numbers based on the experience so far. There's so much talk about how high prices have gone and how har...
Alex Whittow
Replacing Gas Furnace with Heat Pump vs. Electric Furnace
I’m in the process of replacing a natural gas furnace with a more climate-friendly option; specifically, an air-source heat pump or electric furnace.Given the reduced energy needs and minimal environmental impact of a...
Nicklaus McCain
Multifamily Syndicators I have a question for you!
Hey guys! 👋🏼 Quick question, I am practicing my underwriting by getting T-12’s and Rent Rolls from LoopNet. I have a great analyzer and understand the whole process of underwriting value add opportunities. Although, ...