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Updated about 9 years ago on . Most recent reply

User Stats

9
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6
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Christian Savio
  • Professional
  • Coral Springs, FL
6
Votes |
9
Posts

Utilities - Rental - South Florida

Christian Savio
  • Professional
  • Coral Springs, FL
Posted

So my business partner and I just closed on our first rental deal. Rental has great cash flow, but being a new landlord I have some basic questions so I figured I would turn to the biggerpockets community. Is it better to have the utilities in the name of the landlord or tenant? My thought process is that if the tenant fails to pay the utilities I would not want to electric shut off by the utilities company. I live and invest in the Fort Lauderdale, Florida area  and having no running air conditioning in the summer months can cause damage to the property. On the other hand having the additional expense could eat into my cash flow. Over analyzing? Thoughts/Advise?

Thanks.

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