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Updated almost 2 years ago on . Most recent reply

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Jessica Young
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Do you compensate for inconveniences to tenants, such as replacing HVAC systems?

Jessica Young
Posted

The AC went out and needs to be replaced in my Florida condo within the first month tenants are renting it, complete with 3 visits from HVAC before the new unit is even installed. 

Would it be expected or normal to offer some form of credit to offset the inconvenience? Obviously I feel badly about it, and the tenants are angry. When things like pipes burst, major appliances die, or mold remediation is needed during tenant occupancy, is it just too-bad-so-sad for the renters?

(Please no "should have" judgement - we owned the place for a month with the AC working perfectly leading up to tenants coming in, and we had a formal inspection as part of the purchase process, of course. The system was 7 years old.)

My one concern about doing the "nice" thing is that these are big time problem tenants. In a different post I explain about how they have complained and asked for maintenance non stop, and how they routinely overstep their boundaries by trying to demand orders for things that are landlord decisions. I worry a discount this month will set precedent. 

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

We get the unit fixed or replaced within a few days; so, no compensation necessary.  I've had a couple go longer over the years and had a window unit for those occasions.

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