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Re: Buying/ inheriting a rental property - Landlord Forum thread 354208

Re: Buying/ inheriting a rental property by Anonymous on September 11, 2017 @17:44

                              
If you just "partially inherited" the building, how do you know the tenants crank the utilities up in both winter and summer?

The electrician is only telling you what would benefit him, as he hopes to do the rewiring. Have you received any other estimates or investigated any alternatives?

You need an experience commercial property consultant or landlord to access the property and give guidance on what needs to be done. Not rely on an electrician to line his pockets over something that need not be necessary.

You state that rents are at fair market value, yet with the tenants paying utilities, it is way too low. A landlord can only pass thru the cost of utilities plus a small handling fee by law.

Otherwise, this appears to be a TROLL post!
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