Rental Property Investor · San Diego, CA · Member since 2020 · 91 posts · 13 votes
Hi all, I am in California. Just took over a property. The previous owner did not charge water and sewer. I want to change the lease and start charging for it.
Current rent is $1,500. Based on 7.2% cap, I can only raise $108. In the new lease, can I charge water sewer fee in addition to the raise? ($108 + $30~50)
Or the total amount of increase is limited to $108 (raise + water& sewer)?