Practically, nobody is ever going to ask where the power for the furnce is comming from.

With the frequency and severity of events such as wildfires, floods, hurricanes, and winter storms continuing to rise, resiliency planning is no longer optional—it’s a core part of responsible property ownership.Below is a practical five-step framework commercial real estate owners can use to strengthen their resilience strategy.1.

From a pure usage standpoint, it’s usually not worth adding an entirely new service just for the furnace load.The real issue isn’t power consumption, it’s fair and defensible utility allocation once both units are tenant occupied.In practice, you usually have three realistic options:Landlord-paid furnace electricThe simplest and most common solution is to keep the furnace tied to one panel and make heat an owner-paid utility.

I mean situations where each member has capital, credit, and financing ability on their own, but together they become a stronger guarantor and buyer in the eyes of a lender and can qualify for better real estate.

One of my mentors at my first bank lending job 35 years ago told me "The three most important things in lending are ability, ability, and ability...can the borrower pay you back."

In Chicago, this is one of those areas where you need to be very careful.Yes, the Chicago RLTO can apply to garage spaces, depending on how they are leased.Here’s the practical breakdown:• If the garage is leased as part of a residential tenancy (same tenant, same lease, or a rider/addendum tied to the apartment), then RLTO security deposit rules apply.

I won't claim to know if that is legal or not but if there are any attorneys on the bigger pockets platform, I would be very curious to hear their opinion on whether a sponsor has the ability to unilaterally erase an investors capital.

What I'm having trouble finding out is my ability of refinancing after 6-months.

Do you have any advice when running numbers on properties for practice, how I could "double check" my numbers.

Many landlords add this as additional rent due under the lease.Going forward, best practice is:Require proof of utility transfer before handing over keysOr keep utilities in your name and charge a flat utility fee built into rentOr have your PM handle confirmation on move-in dayRight now, the key is documenting everything, enforcing the lease consistently, and setting a firm deadline.