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Updated about 5 years ago on . Most recent reply

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Margaret A Madden
  • Rental Property Investor
  • Yonkers, NY
0
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Heating Costs in a 2 Family Rental

Margaret A Madden
  • Rental Property Investor
  • Yonkers, NY
Posted

Hey guys,

I currently own and am living in a two family home. The heat is very expensive in the winter as it is an old house and doesn't have insulation. I have considered doing the blown in insulation, not sure it will be worth it??

The thermostat for the entire house is in my apartment and I make sure to seal up all windows and doors before turning the heat on. My plan is to move out shortly and start generating cash flow but am concerned what heating costs will be like with the renters able to control the thermostat and not being as diligent about keeping windows and doors closed. Is there a relatively inexpensive way to split the heating system so that each apartment can pay for their own heat?

Thanks so much for any help and advice!

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