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General Landlording & Rental Properties

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Mark Weinmann
  • Auburn, WA
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22
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Like a good neighbor...

Mark Weinmann
  • Auburn, WA
Posted Aug 17 2017, 00:22

So I own a 2 sets of duplexes each with its on driveway. Across from it is another four unit building with four garages beneath each unit. I own everything from the driveways to the backyards and the other owner owns the whole parking lot and behind the building. This parking lot also has about 6 guests parking spots as well...Now the dilemma--this whole parking area is covered in potholes and needs to be paved badly. The other owner wants me to go 50/50 with him to have the lot paved and although he lets two of my tenants use two of his guests parking I don't own any of the parking area. So I'm trying to figure the best way to handle this. I don't have the money currently to pay half, but it would be more to his benefit than mine. Any ideas would be helpful😁 

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