Updated almost 7 years ago on . Most recent reply
Common heat / utilities
We are considering purchasing a portfolio of properties. These properties have common heat (only one furnace / boiler). Currently, the owner is paying for heat. Roughly $1,500 a month across all properties.
What I’m wondering is what other strategies if any exist for transferring that cost to the tenants other than putting in new furnaces, etc.
One idea I had was to bill the tenants directly based on the square footage they occupy. An example of that would be: If the building equals 1,000 square feet and an apartment is 300 square feet, they pay 30% of the bill.
Curious if anyone has any others.....?