Separating out meters
Hello Idahoans!,
I see a lot of listed properties that have one or more utilities in common.
There was one in Caldwell that had Electricity shared between 2 units, and a lot of them have either water or gas shared between one or all units.
Anyone have any experience in separating out utilities(Electricity OR Water OR Gas)? How much did it cost?
I would love to hear from investors who are managing properties that have shared utilities. How do you pass on the costs to the tenant?
Just dividing the utility by the number of units doesnt seem fair to me, and (seems to me) might aggravate the tenants on the remote chance of them discovering it. And how would one share the utility cost between units that have different number of bedrooms?