Q) While I was getting one of my vacant units "rent ready" a friend of a tenant came by and viewed the unit. They said they would like rent it as is and finish up the repairs themselves if I would lower the rent amount. Is this a good idea?
A) Generally, no, this is not a good idea. Most of the time these situations do not work out and you should never have your tenants do their own repairs. In many cases the tenants never do the repairs or they do them incorrectly. Only the landlord or a qualified third party should do the work.
Friday, November 5, 2010
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