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Updated over 5 years ago on . Most recent reply

User Stats

87
Posts
45
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Dominique Palmer
  • Rental Property Investor
  • New Orleans, LA
45
Votes |
87
Posts

Closed on a property with 2 4plexes and a 6ksqf warehouse friday

Dominique Palmer
  • Rental Property Investor
  • New Orleans, LA
Posted

I'm pretty excited. My partners znd I set a goal at the beginning of the year to purchase an investment property before the year was over and we accomplished that goal friday. There are 3 water meters for the 3 buildings. Besides paying to get individual meters I thought I had read about a way to split up the costs among the tenants. Does anybody know the name of the formula or program that does this?

Most Popular Reply

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2
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3
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Terry Vanwhy
  • East Stroudsburg, PA
3
Votes |
2
Posts
Terry Vanwhy
  • East Stroudsburg, PA
Replied

I believe it's called RUBS(Ratio Utility Billing System).  Definition: A method of calculating a tenants utility usage based on occupancy, unit square footage, or a combination of both.  Once calculated, the amount is billed back to the tenant.  

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