House bills

When letting rooms out you should first decide whether you are going to include bills in the weekly or monthly price or not, both of these have their advantages and disadvantages.

Bills included

The advantage to having bills included is you both know every month the rent expected. It is also far easier to manage and most tenants prefer this. The disadvantage being if the bills continually come in high you could be undercharging, this can be resolved by stating in the tenancy agreement that the rent will be reviewed after 6 – 12 months on revision of house bills.

Bills separate

The advantage to separate bills is the tenants pay an equal sum of the bill when it arrives. Everyone pays their equal fair share.

The disadvantages being:

following tenants up for the money,
disputes on what tenants have to pay and
sorting the bills out.

A good way of resolving this is to have a bill area or cork board where bills are put and a time limit displayed for the bill to be paid. So before tenants move in advise them if bills are included or not and if bills are separate, advise what bills they have to pay for and when they normally come in, this saves any future confusion. The main house bills are normally:

Gas & electric
Water
Phone
Internet
Council tax
TV / cable

Making my bills cheaper ====================When renting rooms you’ll normally find your monthly bills will go up, due to more water, electric, gas etc. being used daily. The best way to help combat this is to advise your tenants not to leave showers running and not having the heating on when not necessary etc. Another thing to consider is: are you paying too much? Have you taken 5 minutes out to see if there are any better deals out there? If you answered no check out uSwitch. It is a comparison website that will compare the latest gas, electric and water prices making sure you get the best deal.