General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
Success with giving tenants a little homework??
Lately Ive been reading "Landlording on Autopilot" by Mike Butler: in it, he describes giving tenants "homework." So here's the scenario: tenant complains of dirty old carpets. Normally, my first inclination would be to inspect the carpet, although in my mind, I already know the carpet is dirty (time waster). Then the next step would be to go out and try to find the best price on carpet, by going out 3-4 stores and checking prices. I might get a good price, but alot of my precious time has been wasted...
Mike Butler suggests a different strategy. Instead of inspecting the carpet, which I know I'd confirm with the tenant as being dirty, he suggests agreeing with the tenant on the phone and then "tasking" the tenant with the job of finding carpet (thus making the tenant happy with being able to choose the carpet they want and saving the landlord the time of doing each step themselves). Of course, a criteria must be given to the tenant.
Has anyone had success or experience with this or other types of tenant "homework"?