I got a call from my resident ( a local attorney said its better to call them residents versus tenants) and he told me the water was turned off today! What!
Turns out the previous owner never made a water bill payment and owes over $600!
To make a long story short, I transfer my name to the property, no I don't take ownership of her bill, and the resident may not get his water turned on until tomorrow. So I left 10 gallons of water for toilets and showers at his house.. What else can I do!
The water/sewer fell through the cracks on the closing.. It just occurred to me that I didn't account for water in the cash flow calculations, so take off $100-$150 a month for the tri-plex. Ouch!