Basement Remodel for Rental

[Connor Duff]

I currently have a SFR available for rent in Dayton, Ohio. I've spent the past month fixing it up (mostly cosmetic and necessary repairs) so it is rent-ready. Now, it's been listed for rent for about 3 weeks. We're getting interest but no hard commitments yet. Here comes my question…I have a potential tenant, who is a contractor, interested in renting the place if he can finish the basement (walls, paint, new flooring, etc). The basement is currently unfinished. Does anyone recommend/not recommend having a contractor, who is your tenant, fix up your rental's basement? I think he is willing to pay for part of the project. This is a project I was planning to undergo after 3-5 years of ownership, and not right away but this is a unique opportunity. Any advise on how I should go about this would be much appreciated. Thanks!