How do you handle utilities?

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Residents in group homes pay one low monthly housing bill including utilities, so it’s easy for them to budget their funds for the month.

As the group homeowner/operator, you pay all utilities.

When setting rent prices in your group home, consider the water, electric, and internet bills for the month.

To put your group home on autopilot:

1. Get the utilities in your business’ name instead of your own name.

2. Set the bills on autopay from your business account.

At the end of the year, claim all of those utilities as business tax deductions.

If you want more information on how to open and operate your own profitable group home, subscribe to the newsletter here: Group Home on Autopilot.