Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 months ago on . Most recent reply

User Stats

17
Posts
10
Votes
Dayana García
10
Votes |
17
Posts

Paying too much on utilities

Dayana García
Posted

Hi all! Recently bought a 4-plex, 1/1 each apartment. One unit was rented when bought it, paying 650$, utilities are included. During the first month I received a utility bill of 153$, 2nd month was 620$ so my property manager sent them a letter to ask them to be more mindful with electricity. Well, this 3rd month received 862$ as utility bill. Is there anyway I could mitigate this issue? What should I do? Those utilities bills are killing me ! 

Most Popular Reply

User Stats

14,658
Posts
11,333
Votes
Theresa Harris
#3 Managing Your Property Contributor
11,333
Votes |
14,658
Posts
Theresa Harris
#3 Managing Your Property Contributor
Replied

I'd find out why the electricity is so much.  Do an inspection-they may be doing something illegal (eg grow op) to use that much electricity.  I'd also check the meter to see if there is a problem.

When is the lease up for renewal and when was the rent last increased?  When the lease is up for renewal, I'd change it.  Even if you drop the rent $25-50 a month (assuming it is already at market value), have them pay the utilities.

  • Theresa Harris
  • Loading replies...