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Updated over 7 years ago on . Most recent reply

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21
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10
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Jason Unrath
  • Collegeville, PA
10
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21
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How to account for oil heat costs

Jason Unrath
  • Collegeville, PA
Posted

When considering a rental property (I'm looking at duplex) that has oil heating, do you account for the price of tank refills separately, or just consider it as part of normal maintenance/CapEx? If I move forward with this property, I won't really be able to individually bill my tenants for heat, can I? I don't suppose I can separate costs of oil heat the same way other utilities may be separately metered per unit. Thanks in advance.

Most Popular Reply

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76
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11
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John M.
  • Investor
  • Cranford, NEW JERSEY (NJ)
11
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76
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John M.
  • Investor
  • Cranford, NEW JERSEY (NJ)
Replied
Is there one tank or two? If there are two, it's easy to make them responsible for filling it and paying the oil company direct.

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