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Updated over 8 years ago on . Most recent reply

User Stats

211
Posts
99
Votes
Niyi Adewole
  • Real Estate Agent
  • Atlanta GA & Orlando, FL
99
Votes |
211
Posts

Submeter v.s. Flat fee (water/sewage)

Niyi Adewole
  • Real Estate Agent
  • Atlanta GA & Orlando, FL
Posted
Good Evening Everyone, I am closing on my first tri-plex early next month, and i am looking for a way to pass the water/sewage cost to the tenants. I called a few sub-metering companies, and the best price i recieved was a one time charge of $1500 to install the 3 meters, and a monthly reoccurring charge of $50 to read the meters each month. 
The $50 per month would be passed to the tenants, but my question is; is sub-metering worth the cost? Or would you simply charge a flat fee each month for water/sewage? (Gas and electric is already separately metered) Any and all advice is welcome

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