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Updated over 15 years ago on . Most recent reply

Account Closed
245
Votes |
827
Posts

Love my new tenant!

Account Closed
Posted

Bought a 4 bd/2 in Memphis. PM had it rented out in a week. The tenant put in new kitchen counter tops in exchange for a $300 new stove I had put in. According to the PM, the new counter tops look great.

Putting in new counter tops can't be that cheap. Must be over $300!

I think she is gonna be a good tenant!

Tom

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4,583
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Michael Rossi
  • Real Estate Investor
  • Ohio
1,170
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4,583
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Michael Rossi
  • Real Estate Investor
  • Ohio
Replied

NEVER let a tenant work on your rental. Did you pay them for their labor? Did you with-hold taxes? Do you have worker's comp for them? What do you think will happen if they get hurt working on your rental? What do you think will happen when they spend the rent money on a big screen tv and you evict them? YOU owe them for doing this work and they will squeal long and loud!

Mike

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