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Updated about 10 years ago on . Most recent reply

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Max T.
  • Investor
  • Philadelphia, PA
3,341
Votes |
3,930
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Managing class C when you're used to A

Max T.
  • Investor
  • Philadelphia, PA
Posted
I am a 28 y/o investor managing my 4 properties since purchasing my first at 23. All class A. No problems with tenants. Everything in great condition. Recently i branched out to an out of town owner of a beat up triplex and offered to manage it or him. There is one vacant unit. I didn't realize how beat up it was. Some ton wall paper. Some damaged or missing light fixtures. Damaged blinds. Broken cabinets! I brought up my concerns to the owner about not being able to find a quality tenant in this condition. But he is not willing to spend on improvements until he has a tenants deposit. What should I do?

Most Popular Reply

Account Closed
  • Investor
  • Central Valley, CA
3,729
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6,037
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Account Closed
  • Investor
  • Central Valley, CA
Replied

Is this a real question? What are you having trouble with? Either pay for the repairs yourself in order to get it rented. Which would be stupid.  Or quit. 

Or let it stay empty for the next six months and offer to buy it.  The landlord may get tired of having an empty unit.  But don't count on it.  You'd be amazed at how long people will hold on to crap as long as it produces even one dollar.

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