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Updated about 14 years ago on . Most recent reply

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Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
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Reduced Deposits In Trade For Tenant Work On Property

Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Posted

Have you guys ever agreed to reduce tenant deposits in trade for them doing work on your property? Are there any pitfalls to doing this?

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

This is guru BS type of tactic. Since it's about making money, I suggest getting money.

But let's take this concept to the next step. Tenant is short on rent money, but knows you'll let them fix things in trade since you've done so already from the start. What do you think they might break so that they can then fix it to pay the rent?

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