I am purchasing my first multifamily property which consists of 10 units, tenant will be responsible for electric but owner is responsible for water, trash, and sewer. I am thinking to try to implement some sort of bill back based on number of occupants. I don't want to spend the money to individually meter the units, it doesn't make sense financially. Would love some feedback!
Yes I did, but I think it will be too costly for me to recoup...
@Dahlia Khalaf what makes RUBs costly? You just need to get the tenants to agree to it in the lease and you simply bill the tenants back by means described in the lease...done!
Gotcha, I misunderstood the RUBs process, I thought they units would have to be submetered, thanks for the info!