All Forum Posts by: Joshua Piper-Mock

Hello - Does anyone have any recommendations on a roofing company in Los Angeles????  I have a commercial building that needs to be reroofed.  

Thanks in Advance 

Josh 

Hey Travis - thanks for putting this together.  I am new investor and would love to start attending local meetups here in OC.  I will do my best to make it on the 19th.  Are you looking to make this a monthly thing? 

@Dennis M.

Hey Dennis,

I’m new to investing and am learning all the ins and outs of finding deals. How has the Facebook ads been working for you? Have you gotten many deals that way?

Thanks,

Josh

Hello Charles, 

All the replies you have received so far are on point.  Options for billing back to the tenants are Submetering or RUBS (Ratio Utility Billing System).  As mentioned in other replies if want to do Submetering you will need to confirm you have individual shutoffs for each unit.  You can buy submeters online.  Neptune is a pretty well known brand but there are quite a few others.  In regards to regulations you will need to get the meters tested at California Weights and Measures before they are installed at your property.  Then you will need to add an addendum to your lease agreements as well as 60 day notice to the tenants notifying them of the change.  Most billing companies don't work with smaller properties so you might have to do the meter reading and billing yourself.  If you don't want to check the meters yourself then maybe you can find someone to check them for you each month (maybe your gardener if you have one).  If you install the meters then all you have to do is read them each month and then just calculate the amount of gallons each unit used for the month and multiple that times the city rate that can be found on the master bill.  For a 4 plex you should be able to do it all on an excel sheet and then be able to share that with your tenants if they want to see it.  

If you are going to bill using RUBS it is a little more complicated.  RUBS if usually a percentage based on square footage and occupancy.  The larger the unit and the more people in the unit the larger percentage the master bill they will pay. You also have to make sure you are not charging the residents for any common area water such as sprinkler systems or laundry.  With RUBS you will need to notify the residents with a 60 day notice and a lease addendum.  Its usually also good to include a copy of how you are calculating the bills in their lease agreement so they can reference it with any questions.  There is quite a bit of info on calculating RUBS online now so that should help if you want to do the billing on your own.  The main thing is just being upfront with your tenants so they are aware.  If it makes it easier you can also wait till a new tenant moves in before adding it to the lease that way you aren't worried about upsetting your current residents.  

Good luck with everything.  

Josh 

@Sammy Lyon

Congrats on closing another deal and thank you for sharing your story. I am new to the BiggerPockets community and am already learning a lot of great info. My friend has been doing BRRRR for about three years (all out of state). I am excited to continue learning and do my first deal. I am in Orange County and would love to join one of your meet ups. Let me know the next time you meet for beers.