Tenants want a pool heater

[Connie Chan]

Hi! Would love some opinions. A tenant wants a pool heater. It costs maybe $5,000. I think it adds value to the property so I’m open to doing it but would you ask the tenant to split the cost?

[Mike Cumbie]

I think there is too little information for a blanket "No". If the place is cash flowing $4,000 a month and they keep it beautiful and have been there 3 years.... Meh... Possibly. If it is also in a place that gets pool usage most of the year and an A+ neighborhood, I can see an interest. Now if it is cashflowing $300 a month in Upstate NY where you get 2 maybe 3 if you push it months of usage, then no.