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Updated over 2 years ago on . Most recent reply

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Cory Kerr
  • Rental Property Investor
  • Chicago, IL
2
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14
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Accommodating During Rennovation

Cory Kerr
  • Rental Property Investor
  • Chicago, IL
Posted

Good afternoon. I hope all is well. 

Was faced with either patching up old bathroom plumbing/tile walls vs updating the entire bathroom(which allowed me to update plumbing for 2 other bathrooms too). After being presented the scenarios, the tenant choose updating the bathroom along with a rent increase and 1-2 week renovation time. The 1-2 weeks turned into 3 weeks.

How should I compensate them? Should it be any less seeing that it was their decision knowing there wouldn’t be a bathroom for at least a week?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,068
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Cory Kerr:

Good afternoon. I hope all is well. 

Was faced with either patching up old bathroom plumbing/tile walls vs updating the entire bathroom(which allowed me to update plumbing for 2 other bathrooms too). After being presented the scenarios, the tenant choose updating the bathroom along with a rent increase and 1-2 week renovation time. The 1-2 weeks turned into 3 weeks.

How should I compensate them? Should it be any less seeing that it was their decision knowing there wouldn’t be a bathroom for at least a week?


If you feel obligated to compensate them, determine a prorated rent for the extra week and pay them that amount.

In the future, I don't recommend you tie renovation and rent increase together. This gives them the idea that every rent increase will come with a major renovation or improvement.

  • Nathan Gesner
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