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1031 Exchanges
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Updated over 6 years ago on . Most recent reply
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Will work for rent.... Yes [] No[]
So the scenario is that I have had these tenants for a couple months now and they want to do work in exchange for rent. They are also never one day past the 1st on rent deposit either. Sounds like a good deal because I get “cheap” labor in exchange for a little money off the rent. They are mostly wanting to do improvements themselves like a new privacy fence and sod things of that nature. What are everyone’s thoughts on the exchange pros and cons.... I’m leaning towards no and spending the money on a professional.
As always thanks in advance!!!
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Dennis M.
#5 General Landlording & Rental Properties Contributor
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Absolutely not . In fact I would be concerned why they need money towards rent . Tenants rarely do a satisfactory job and will leverage this arrangement to their advantage . Don’t do it