General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on . Most recent reply

Water Bill for House-Hack
Hi all,
My girlfriend and I are closing on our first house hack in two weeks. We are planning out the terms of our lease and are deciding on whether or not to include water in rent. The property is a duplex on one water meter. Water will be about $120/month, we got an estimate from the water company.
There are currently tenants that plan to stay. The tricky part is that they are friends of the seller and are paying well below average rent for the area. We want to raise rent to a fair market value, and also tack on another 50-60 dollars and include water. We're just worried that it will be too much of a jump for them and be left with vacancy right off the bat.
So what have some of you house hackers done for the water bill? Seems like it would make the most sense to include it.
Thanks!