Should you separate your water meter for your rental properties?
Even though your proposed new building will be a legal 2, 3 or 4 unit, in most cases the municipality will only recognize it as a single household from the standpoint of city services. This means that you will not likely receive a separate water meters.
One thing you can do is install a sub-meter and feed that exclusively to the new unit. Even though you will receive a single water bill, at least it will be easier to capture and calculate the usage between occupants and charge back accordingly.
Here is why two separate water meters just make sense for your multi unit conversions.
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🌟 Details about our In-Person Max Suite Strategy Training Program and Community This Coming Oct 25 to Oct 27 are Up! 🌟
** Early Bird Pricing Ends July 31 **
🚀 Are you ready to be a MAX SUITE Pro?
💰 Are you ready to potentially unlock hundreds of thousands in value for each and every property using the Max Suite Strategy?
If the answer is yes, then we have the ultimate training for you! 🏆
Check out our short video highlights! 👉 • Max Suite Strategy Com...
👉 Visit www.suiteadditions.com/training for more information and to apply, or click on the linktree in our Bio!
📚 In this Comprehensive In-Person Program, You Will Learn:
🔍 Principles, strategies, and tactics that we and our clients implement on each property to maximize its long-term value.
💡 Gain the experience, knowledge, and skills from our 8+ years and 400+ projects with additional suites, helping investors and homeowners gain unparalleled value. 🏡💼
🌠 Join us and become a part of the Max Suite Community today! 🌐
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Download Our NEW Garden Suite Guide and a copy of our 8 - Point Checklist & Second Suites Beginners Guide.
📚 👉 www.suiteadditionspro.com/garden-suites
Hire Us For Your Project! You can always hire us for a Zoom or in-person consultation for your suite conversion, or hire us to help you with your suite design and permit drawings. (Consultation fees can be credited towards any design and permit package you choose to pursue. So it's a win-win!)
✉️ 👉Connect With Us: www.SuiteAdditions.com/contact
IMPORTANT* This guide is intended for informational purposes only. DO NOT rely on the information in this guide for any real estate transactions. Since every property is unique, you must perform your own due diligence with the City and with a professional consultant. Suite Additions Inc., and its affiliates are not liable for any loss as a result of information you receive in this guide.
7 сен 2024
