Assuming you purchase a rental property in the name of your LLC, do you put the utilities (Gas, Electric, Water) in the name of your LLC or personal name? Is there an advantage one way or the other?
Thanks
Dan
I am buying a 2 family place in MASS. There are three floors. I am going to let my friend stay in the top floor and rent the second floor, while I live in the first floor.The first floor is one unit and the second and...
I just purchased a place for myself to live in. I have my other properties under my LLC that the utility bill is under. Can I add this property? I purchased in my name, not LLC.
What does utilities means as it relates to raw land?
New landlord wants to know what utilities he should opt to pay for, if any at all. I have seen it go either way. Tenant pays ALL utilities, or Landlord pays water and sewer. Thanks in advance for any help!!
Dear community,how do you guys handle the utilities during vacancy? Do you ask your last tenant to keep their accounts active (if they paid their own utilities) and then reimburse them upon new tenant moving, or do ut...
There is 2 ways to go about utilities:
1. Sign up the utilities under my name and pass the bill on
2. Have the tenants sign up and pay the utilities.
Is there any paperwork I have to do to change the utilities out o...
When tenants vacate the property , what became of the utilities in Michigan , do they get shut off automatically once they inform the service provider they moving ?
I've just never dealt with this and need direction
Hey BPers,How is everyone doing? I will be closing on a three unit house at the end of the month which does not have separate utility hookups for each unit. What is the best way to still have the tenants pay their sha...
Hey BP gang,I'm looking at a 15 unit property in Detroit. The price is decent, as is the rent. However, the landlord pays for everything but electricity. So last year, the utilities came to $17k!!!! Which of course, k...