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I wonder if they are the reason newer tenants had to pay, but the landlord couldn't change their lease until the last one expires
by LoganDark 3y ago
I wonder if they are the reason newer tenants had to pay, but the landlord couldn't change their lease until the last one expires
- bombcar 3y agoPossible, but more likely the landlord (or new owner) realized that if you can switch to tenant-billed even with a rent drop, you have a more valuable property overall - if most of the apartments in the area are tenant-billed.
- LoganDark 3y agoTrue, rent prices are typically the most important figure for any property. Everything else comes secondary - if you're halfway down the search results because of your prices, almost nobody will even see that utilities are included.
- bombcar 3y agoIt's the airline ticket problem - you need to be "selling" the same as everyone else, because nobody checks. Included utilities is like included luggage.
- Qwertious 3y ago"Nobody checks" because it's a seller's market. If the cost of housing dropped tenfold then I guarantee you that landlords would emphasize the value-add.
- Broken_Hippo 3y agothe older units might not have meters, while the newer ones could be upgraded while empty. All on one meter is common in old houses that have been divided into apartments.