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59
Posts
44
Votes
Alec Jacobs
  • New to Real Estate
  • Industry, PA
44
Votes |
59
Posts

Should I have utilities in my name or my tenants name?

Alec Jacobs
  • New to Real Estate
  • Industry, PA
Posted

I have a duplex which has gas and electric separate (2 furnaces and 2 electric panels) and while the water is for the whole property.

I was wondering how I would go about setting this up for my lease? I will have to keep the water in my name but I was also just thinking of keeping the electric in my name as well since there is just one dryer and I don't want one of my tenants to have to pay for the other one's dryer usage. 

Should I just keep everything in my name and send them each the bill separately or should I have as many utilities in their name as possible? How do I handle the water being in my name as well? Would I just split it in half and make each tenant pay their share and how would I set that up in the lease?

Any info is appreciated if you need more info to clear things up I'll do my best to provide that. 

Thank you!

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