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Mega Thread The Questions Thread - Part II

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My tenants have asked if they can install their electric sauna.
I am including electricity in their rent.

So i have said no as there is no incentive to them to conserve electricity and the house has no real heavy drawing appliances (like aircon or pool pumps) unless they keep oven on for heating next winter.

I have said if they take over the electricity however its fine (and I’ll drop the rent accordingly). So id still pay and they’d reimburse me based on the bill each qtr.

Does this sound fair offer?
 

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My tenants have asked if they can install their electric sauna.
I am including electricity in their rent.

So i have said no as there is no incentive to them to conserve electricity and the house has no real heavy drawing appliances (like aircon or pool pumps) unless they keep oven on for heating next winter.

I have said if they take over the electricity however its fine (and I’ll drop the rent accordingly). So id still pay and they’d reimburse me based on the bill each qtr.

Does this sound fair offer?
I have never rented nor landlorded where electricity was included in the rent.
 
My tenants have asked if they can install their electric sauna.
I am including electricity in their rent.

So i have said no as there is no incentive to them to conserve electricity and the house has no real heavy drawing appliances (like aircon or pool pumps) unless they keep oven on for heating next winter.

I have said if they take over the electricity however its fine (and I’ll drop the rent accordingly). So id still pay and they’d reimburse me based on the bill each qtr.

Does this sound fair offer?

How does inc electric in their rent work .
AVG a month ?

I don't think inc electricity in the rent is normal.
I think they getting a good deal .

You probably need to improve the install they need to pay for it IMO.

You get first dibs on the sauna IMO.
 
Electricity included as im on 52c feed in tariff which if i cancel account ill never get back.
From memory I worked out based on last twelve months I was there with family an average cost of i think $30 a week. So with price rises i factored in $40 a week or $7 a day.
So when i get first bill (this week by coincidence) i can see how they are going per day (as its on the bill).
 

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Electricity included as im on 52c feed in tariff which if i cancel account ill never get back.
From memory I worked out based on last twelve months I was there with family an average cost of i think $30 a week. So with price rises i factored in $40 a week or $7 a day.
So when i get first bill (this week by coincidence) i can see how they are going per day (as its on the bill).

Is this the place your selling ,?
 
Is this the place your selling ,?
Yes i know that now and will put on market when lease is almost up in about 9-10 months or 17 months (if they want to stay longer). When i was going thru the leasing process i wasnt sure I would be selling and set it up so i could return one day.
But im convinced now to sell. Just need to wait to lease is up as it wont sell easily enough with that much time left on lease
 
Yes i know that now and will put on market when lease is almost up in about 9-10 months or 17 months (if they want to stay longer). When i was going thru the leasing process i wasnt sure I would be selling and set it up so i could return one day.
But im convinced now to sell. Just need to wait to lease is up as it wont sell easily enough with that much time left on lease


Tough call .

You own where you live now.

If so you either sell one or rent the other one out.


I didn't buy another house .
I left it too late .
As everything went up too much ..
 
If you’re not going to move back in there’s not really any incentive to keep the FIT

Average the last four quarters of electricity use over 52.14 weeks and tell them that if they want to install the sauna they can have a discount of $X/pw on the rent, but they need to move the electricity into their name.

If the FIT is really that lucrative they will probably just give up on the sauna idea
 
Tough call .

You own where you live now.

If so you either sell one or rent the other one out.


I didn't buy another house .
I left it too late .
As everything went up too much ..
Nah im renting now. Essentially rentvesting.
If i do sell i may buy again to live in or buy again to rent out and rentvest for a while, prob just until before i retire (Or enough kids move out an di can buy a 2-3 bedder)
 
Nah im renting now. Essentially rentvesting.
If i do sell i may buy again to live in or buy again to rent out and rentvest for a while, prob just until before i retire (Or enough kids move out an di can buy a 2-3 bedder)

Sounds like your in a good spot .

But some things to think about for the Future..
 
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