With a handful of units, every utility the owner pays comes straight off the return. Most of the savings come from a few habits.
Checklist
- Make sure separately metered services are in the tenant's name from move-in day.
- For shared meters, check what your lease and local rules allow you to bill back, and bill it consistently.
- Read the water bill every month for a jump in use; small buildings show leaks clearly.
- Ask each utility for e-billing and autopay so late fees never start.
- Keep the bills: they make the annual tax workbook and any lender package much easier.