I recently carried out a property inspection at my oldest rental house.
There were a few minor maintenance items to do, and I discussed these with the tenant.
"By the way," he added into the conversation "My wife and I have looked around the place recently, and we'd like you to consider some additional work that we feel would make the place more liveable". He gave me a list.
I looked through it, and said "OK, I'll check this out, get an idea of what would be involved, and let you know".
It turned out that all but one of the items would be possible, and the cost would run into several thousand dollars.
I wrote him a letter setting this out, and said that I would get these items done but the rent would go up by $50 per week to recoup my costs.
Well, did I get an adverse response!
You would have thought that I had set his toenails on fire.
No way did he want the work done if it was going to cost him, personally, more.
So to say tenants would willingly pay higher rent for better quality is, in many cases, untrue.
There were a few minor maintenance items to do, and I discussed these with the tenant.
"By the way," he added into the conversation "My wife and I have looked around the place recently, and we'd like you to consider some additional work that we feel would make the place more liveable". He gave me a list.
I looked through it, and said "OK, I'll check this out, get an idea of what would be involved, and let you know".
It turned out that all but one of the items would be possible, and the cost would run into several thousand dollars.
I wrote him a letter setting this out, and said that I would get these items done but the rent would go up by $50 per week to recoup my costs.
Well, did I get an adverse response!
You would have thought that I had set his toenails on fire.
No way did he want the work done if it was going to cost him, personally, more.
So to say tenants would willingly pay higher rent for better quality is, in many cases, untrue.
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