All Bills Paid?๐Ÿ˜•

3 Replies

I am currently looking into a class c 13 unit apartment made up of (6) efficiencies, (4) 1bdrms, and (3) 2bdrms. Currently all bills are paid which creates a huge amount of overhead. If I could cut that overhead out this property would be a cash cow!. my question is,  how do I get it from this all bills paid state to the renters handling  their own utilities, without losing all the tennants?

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Raise the rents, whats the difference in someone paying $700 including no bills and say you include all the utilities for $850 a month.  Assuming gas is $100 and electric is $50 a month.