Swapping units with tenant...

[Chris Shelton]

My wife and I are currently house hacking our duplex. I've been making many improvements on our unit since we've lived in it such as cosmetic, plumbing and electrical. My tenants side needs alot of work done to it and offered (upon signing of their new lease) to switch units so that I can start the much needed work that is needed on that unit and they can live in the updated unit. When I asked if she would be interested she seemed a bit reluctant to do so. Any ideas on some incentives to use to get her to swap units? Thanks!

Cheers BP!

[Stephen G. Wolff]

@Chris Shelton why are you naking these improvements? Is It to catch up on deferred maintenance or to make improvements at the property to increase demand and the monthly rental income? If it is deferred maintenance, perhaps it’s best to wait until you have turnover. If it is to raise your income stream, you must ask yourself if this tenant would value those improvements and pay the higher rate. I think you will determine in is best to wait until turnover and put that cash to work elsewhere MAKING you more money.