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All Forum Posts by: Jason Thomas

Jason Thomas has started 12 posts and replied 22 times.

General Landlording & Rental Properties

Post: Determining whether to separate water/electric meters for 5 unit

Jason ThomasPosted
  • Tampa, FL
  • Posts 22
  • Votes 7

Great advice, thanks a lot!

0 Votes
General Landlording & Rental Properties

Post: Determining whether to separate water/electric meters for 5 unit

Jason ThomasPosted
  • Tampa, FL
  • Posts 22
  • Votes 7

Hi all,

I have a small 5 unit apt complex in NJ and want to know whether it makes financial sense to separate the water and electric meters. Is there a formula or easy way to determine whether the upfront Capex costs are worth it in the long run? I intend to hold onto this property for quite a while so I am leaning towards separating out the meters but wanted to get some advice or hear out reasons why that may not be a good idea. I'm guessing it may cost about 15K to get it all done.

0 Votes