Billing Back Utilities to Multifamily Tenants
I have just signed a contract to be able to sell Spectrum Cable and Internet to tenants. Spectrum has agreed to sell me their package at about half of the retail cost, and now I am trying to figure out the best way to bill cable and internet to the tenants. Should I add this to the overall rent when I market the unit, or should this be a monthly fee that is billed in addition?
I'm also looking at installing a smart water meter system to bill back water to tenants as well. Any idea how much these cost per unit to install? Also, is this something where the tenant receives a bill each month they need to pay? If so, I wonder if I should just send an invoice to the tenants each month for their water usage and cable bill. Thoughts?