All Forum Posts by: Amanda Ross

Thanks for everyone’s input. Lots of good information here. I think we’re gonna pass on this property for now. Luckily, our market has a lot of good rental options, so we’ll just move onto the next one. Thanks so much!! 

Agreed. No, we haven’t purchased it, just doing my due diligence and seeing what other people have done. It’s priced too high for starters and there’s no telling what the seller will agree on as a sells price. Thanks for your input. I like the idea of a months break in rent. I’ll keep that in mind for future properties. I think we’ll probably pass on this one. Thanks! 

We are looking at a property that was once a single family home that now has been broken up into five units. All units are currently occupied and all leases renewed at $700/unit.  The landlord is responsible for all utilities (water, power, gas).  Without dividing out the meter, what's the best way to recoup some of these expenses?  The listing agent said something about a shared washer and dryer that the current owner is missing out on as added cash flow, but I'm not sure that would cover all utilities for all five units and may be difficult to monitor.  With all the leases being newly renewed are we even able to add anything about a change in how utilities are being paid/split/etc?