Triple Net on 2-Unit

5 Replies

I'm a landlord in the Northeast, which is the reasoning for this topic.  Snow removal and furnace maintenance can get expensive between October and March. Has anyone in this kind of climate charged their tenants in this fashion? I have a couple two units and I've always covered snow plowing and maintenance/repairs, but as the winters pass I get more and more tired of dealing with it, not only from physical standpoint but accounting as well. In my market I don't hear of many people doing this with small multifamily, usually just on commercial buildings. Id rather lower rents and let them deal with it...

SNOW What a headache,, If it were as easy as tenant doing their own and yet not being responsible for slip and falls.. I guess I'd have to say, ask your insurance agent to be sure.

Finding a dependable snow removal guy is as hard as thinking your tenant will shovel. 

I have 2 double bungalows I provide a shovel each year to each,  and we contract plowing, but even with that It's hard the weather is never predictable, and snow removal is EXPENSIVE. 

Yeah, snow removal can certainly do away with most the years profit in no time.

I do not offer snow removal, just lawn care.  A mentor of mine told me that if you provide snow removal and your tenant or a guest slips and is injured, you are liable since it was your responsibility to keep walkways free of ice and snow. 

That was years ago and common sense tells me now that it probably doesn't make a difference what the lease says about snow removal.  But simply stating that I cant offer snow removal for liability purposes has saved me thousands.

With that being said, all my units have attached parking and their own driveway.  If you have a shared driveway, that can be a sticky situation.

It is shared, but I was thinking just have them split the cost and deal with it among themselves, which I could see the potential problem there. However I really would like for them to take care of snow, one less thing I have to deal with, and if I lower rents, there shouldn't be any excuse for not being able to pay..

It is shared, but I was thinking just have them split the cost and deal with it among themselves, which I could see the potential problem there. However I really would like for them to take care of snow, one less thing I have to deal with, and if I lower rents, there shouldn't be any excuse for not being able to pay..

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