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Updated about 3 years ago on . Most recent reply

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47
Posts
22
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Bret Halsey
  • Investor
  • Cincinnati, OH
22
Votes |
47
Posts

Average cost of owner paid utilities in Cincinnati?

Bret Halsey
  • Investor
  • Cincinnati, OH
Posted

Looking at a couple 4 and 8 unit properties and was wondering what might some of the utility bills look like and what is standard to be in tenants name or charged back to them. Curious about monthly water bill per unit, electric, heat, trash, sewer, landscaping, and any others I might be missing. Also is it as easy as calling the city/utility provider to get this historical info for a particular property?

Most Popular Reply

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212
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273
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Michelle Fenn
  • Real Estate Agent
  • Cleveland OH
273
Votes |
212
Posts
Michelle Fenn
  • Real Estate Agent
  • Cleveland OH
Replied

I can not with Cinci but I can give you numbers from Cleveland.     I manage a 6 unit apartment.   Tenants have there own furnaces and HWT so no gas.   Electricity for common areas and laundry $125-150.00.  You can find service providers to provide a coin operated laundry service but you will pay for water & electricity.   Small commission in return.    Water/Sewer $300.00/month, dumpster 88.00/month, landscaping 75.00 per cut.  Do not forget to budget 10% monthly for Property Manager Fees and another 10% for maintenance budget.    Hope this helps.

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