Installing Individual Meters on Properties
I am looking at properties and have found a few deals that I would be interested in if I were able to install separate metering on a duplex. I was wondering if anyone has had any experience with how much this may cost?
One of the biggest things that I've been finding that kills my numbers is it seems about half or so of the current Owners are paying atleast water/sewage (not passing it onto tenants) and in some cases all utilities. This seems to be due to not having metering separated on their properties. I am interested in seeing if it would be cost-effective to have meters installed so that we could pass these expenses onto the tenants...
Any advice would be greatly appreciated! Thank you very much!