Updated about 4 years ago on . Most recent reply
Quadplex with only two meters, how should I handle tenants?
I'm closing on a quadplex this week but it's only has two electrical meters.
The property currently has tenants in place but the rents are low so I will be raising rents to meet market standards. So I believe they will not be able to pay the higher rents and will end up moving out.
Should I put the accounts under the LLC and split it up between the two on each meter or should I have the tenants deal with it? I don't want this to turn into an issue between tenants so I am leaning towards raising the rents with electricity included.
Any feedback would be appreciated.