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Updated over 4 years ago on . Most recent reply

Have you split up the water meter on your 4-plex?
I'm looking to pass the water expenses on to my tenants. How much does it cost to separately meter the water on a 4-plex? Who should I call? a plumber? How much do you think this would cost? I appreciate the input! I have one 4plex in las vegas and one in california.
Most Popular Reply

- Real Estate Broker
- Cody, WY
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You can also have a plumber install sub-meters. SEE EXAMPLE This is a much cheaper option than installing three new meters.
Even easier? Figure out the average water use, divide it by four, add 10 - 15% to cover excess use, and add that amount to their rent.
Average bill: $60
Divide by 4 = $15 each
Add 15%: $17.25
You collect $69 per month to cover the bill. I also recommend setting a limit of what you will cover. For example:
"Water is included as part of your monthly rent, up to $20 per unit. If any single water bill exceeds $80, the additional cost will be split equally and charged to the four units."
This holds tenants responsible if they fail to report a running toilet that costs you $300 in excess water use.
- Nathan Gesner
