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Updated over 2 years ago on . Most recent reply

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45
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19
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Marcos Carbi
  • Rental Property Investor
19
Votes |
45
Posts

Should I replace the roof with tenants in place?

Marcos Carbi
  • Rental Property Investor
Posted

Hey guys,

I just closed on my first duplex and the roof is pretty outdated (20 years old). It is in working condition but has a leak and should be replaced - I want to replace it for personal peace of mind and insurance purposes. I inherited two solid MtoM tenants that are paying $1,100 each, way below market rent of $1,650. I'm going to give them the option of staying for $1,580 or leaving in 30 days (Florida law is 15 days but I want those extra days to replace the roof). I want to start the roof replacement ASAP so the property is rent-ready if in the case the tenants do decide to move out.

Is it okay to replace the roof with the current tenants there? Would this be a violation of their quiet and peaceful enjoyment of the property? How should I go about this?

I truly appreciate your help!

Most Popular Reply

User Stats

137
Posts
106
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Andres Murillo
  • Real Estate Agent
  • Los Angeles, CA
106
Votes |
137
Posts
Andres Murillo
  • Real Estate Agent
  • Los Angeles, CA
Replied

Absolutely you should! Showing the inherited tenants that you're committed to the maintenance and integrity of your property will establish a lot of goodwill. As long as you communicate well with them and coordinate the repairs around their schedules as best possible I think you'll help the chance that they renew for a higher price.

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