Ratio Utility Billing System (RUBS) on a Small Multifamily
I am looking at a small multifamily (quadplex) in a small town that I grew up in. It would be my first property and has tremendous potential, because the current landlord pays for all of the utilities and the 3 rents are $150 below market!
Many other landlords in the area are billing back gas(which is the most expensive, it's $3200 per year for this little quad), water and sewer, and even electric.
The house is old, like 1876 old, and I am looking for recommendations on different submeters that I can put in to bill the utilities back to the tenants! Are there any recommendations that I could purchase and install? Because I am investing in very rural area(town of 1,500 people), there are very few property mangers so I don't really know where to start!