New Landlord

[Michael Bowser]

Hello Everyone,

This is my first post and first time owning a home / owning a duplex.

I saw you are able to right off utility bills (maybe) you pay them for your tenants. What I am wondering is, is it beneficial to pay for there Oil/ electric if you make the cost up in rent.

So assuming all else equal if the rent goes up $200 and it cost me $200 in heat and electric a month, would it be worth taking that on as a responsibility because I can right it off? Can I right it off as an expense? How will it affect my taxes?

Thank you

Michael