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Updated 1 day ago on . Most recent reply

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Nate Marroquin
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5
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Utilities when I rent my property per room.

Nate Marroquin
Posted

Hello,

Question for anyone willing to answer. I have a 4/4 townhome that I rent to medical students and it is rented per room. This allows me to make more cash flow but I am curious on how to manage utilities. The last three years I included it in their rent, however sometimes in the winter months the bills can be higher and it can lead to paying out of that cash flow to cover the utilities. My question: is it easier to have the tenants cover their own utilities? Is it a hassle to have 4 tenants coordinate themselves to cover the urilties? Increase rent? What are your thoughts?

Thank you,

Nate

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