Rent by the room: Utility strategy

[Zach Wright]

I am actively searching for my first house hack deal (western MA, > 4 bed 2 bath, single family/duplex, <250K).

I am wondering if anyone has experience dealing with utility expenses while renting by the room. I understand that, generally, the owner takes utilities, as it is impossible to measure usage while renting by the room. 

I'm interested in any strategies to mitigate this cost (other than building into the rent). One strategy that I'm aware of is utilizing coin-operated washer/dryer to offset some electric/water costs. I'd love to hear of other strategies!

Thanks - Zach

[Ryan Deasy]

@Zach Wright hey Zack, lets talk. all i do is rent by room. i can help you.

i actually prefer to include utilities with the rent but for the last 7 years i have had separate utilities in my rentals.

i simply take the total cost for the unit and divide by the number of tenants in the unit. never had an issue. never had anyone question it.

happy to help. love this strategy. let’s make it happen.

also i write for the BP blogs. check out my blogs as i have done a few on rent by the room. i think you’ll find it helpful.