SoCal owners–I’m early in my first ‘mat search, focusing on LA and Ventura counties. I’m interested in what, if any water issues you’ve encountered that should be taken into account in a target valuation. I’m sure you’ve had crazy rate increases, but is there anything else like usage restrictions or regulations that might be unique to the more parched parts of the country?
I ask because some of the valuation guides have suggested planning on 10-15% of revenue for utilities. Right away, I thought, maybe in places where water falls out of the sky for free and electric companies aren’t tacking on charges to cover wildfire lawsuits. Thanks in advance for any insights.