Our renter want to install apartmetn washer (110v) and dryer, how much should we raise the rent by?
We have renters in the upstairs of our rental house, that don't have washer and dryer access, and is not included in the lease agreement. They have asked if they would be allowed to install a washer and dryer upstairs. We pay the utilities right now for the renters, so this would be an added expense. How much would it be fair to raise the rent to compensate for the extra hydro and water (4 adults)? (will make an amendment to lease agreement) Any ideas $10, $20 or $40? I don't really know as of yet what it cost me average utilities per month. Previously only had one adult renting.
p.s. they buy the appliences. They will attach the washer to the kitchen tap (washer on wheels). And dryer will vent through the window. I have a feeling the portable type use more lectricity.