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Updated over 3 years ago on . Most recent reply

User Stats

35
Posts
7
Votes
Nick Grewe
  • New to Real Estate
  • Wisconsin
7
Votes |
35
Posts

Should I add additional meters to the duplex?

Nick Grewe
  • New to Real Estate
  • Wisconsin
Posted

I am the process of purchasing my first duplex and one thing that stood out on this particular house was that the landlord payed utilities. I looked on the side of the house and there was only one electrical meter. Because I would be responsible for paying the utilities, I would have to raise the rent to cover the costs and lose potential tenants. Should I consider putting in new services so that the tenants would be responsible for utilities and so that I may lower the rent?

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