Flat Water Fee
Hello BiggerPockets community. I am about to close on a property in the Sacramento area. I will be living in the front unit and renting out the back two units. The tenants already living there are willing to stay. My question is about the water bill. Right now the tenants only pay electricity and gas, the old landlord paid the water bill. I called the water company and the property is on a master meter not individual. The average water bill on the property was $300-$330. I want to start charging a flat water fee to my tenants. I’m unsure on an amount. So my question is to any landlords in the Sacramento area that have properties with a master meter. Are you charging a flat water fee? Is so, how much are you charging?