Reducing costs of apartments by having all tenants pay water,garbage, sewer

General Real Estate Investing
1

Have any of you with experience in owing apartment buildings set up a private untility company to bill your tenants for water, sewer and garbage? 30 units x$50 month gives you an extra $1500/mo. Do any of you do this?javascript:replaceText(’ :banghead’, document.forms.postmodify.message);

2

Hi,

Water, sewer and trash are basic health code requirements to own and operate multi-family apartment properties.

Rents are as per market rate range and water, sewer and trash are paid as part of expenses (50 / 50 rule) so when you buy an apartment property market rents are inclusive of basic service.

Now electrical, gas, cable and internet should be metered and individually paid by the tenants!

        GR