Opex I'd imagine would be higher on the STR due to utilities, management ratio, marketing etc. 0.5% of US households bring in 1mm/year.

.• Utilities and separation – Separate meters, entrances, and addresses matter more than people think.• Financing impact – Many residential lenders won’t touch it.

If you do qualify for the primary exclusion, you would still have up to three years to utilize it if you converted the property to a rental.

The downside is more equipment to maintain and you need to plan good access and shutoffs.Central can work if you have a real boiler room, recirc loop, and you want to simplify utility billing, but it can be a single point of failure and the distribution losses add up.

We get most owners when they get tired of handling the tenant interactions. 

Most of my utility providers have a summary or transaction history page.

We focus on transparency: a written notice explaining the new rent, the effective date, and the reason for the adjustment (market changes, taxes, utilities, etc.).We also make sure the messaging is consistent, neutral, and fully compliant with all Fair Housing laws, no different terms, tone, or timelines based on who the tenant is.

They utilize a cap rate for valuation that is both too low on its face and also understates costs of management and operations2.

“It’s only a small handful of non-investors here repeating a complete fabrication from a known con man on social media.””This thread has become a complete cesspool.”perhaps Ryan is not the best individual for Open Door to be utilizing for public relations  

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.