All Forum Posts by: Christina Sanchez

Hello,

I have recently closed on my first deal in Charlotte, NC. It is a single family home with a walkout basement that has been finished to be used as a separate dwelling unit (has full kitchen, bathroom, & bedroom).

To start, I will be living in the basement and renting out the main level. I intend to move out in the future and rent out the main level and basement separately.

Would love some feedback from NC investors who have experience billing tenants for utilities in single family homes i.e. what's allowed as far as splitting the cost between tenants? do you have to meter them separately in order to bill or can the cost be split equally? do you have to get approved by the NC utility commission to bill? Metering the units separately doesn't seem to make sense from a cost perspective (unless someone reading this has had success submetering a basement unit?).

Thanks for reading!

Hello, 

I have recently closed on my first deal in Charlotte, NC. It is a single family home with a walkout basement that has been finished to be used as a separate dwelling unit (has full kitchen, bathroom, & bedroom).

To start, I will be living in the basement and renting out the main level. I intend to move out in the future and rent out the main level and basement separately.

Would love some feedback from NC investors who have experience billing tenants for utilities in single family homes i.e. what's allowed as far as splitting the cost between tenants? do you have to meter them separately in order to bill or can the cost be split equally? do you have to get approved by the NC utility commission to bill?  Metering the units separately doesn't seem to make sense from a cost perspective (unless someone reading this has had success submetering a basement unit?).  

Thanks for reading!