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Updated over 5 years ago on . Most recent reply

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Tyler Labelle
25
Votes |
47
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Adding Mini splits in duplex

Tyler Labelle
Posted

I just went under contract on 3 all brick duplexes that have window unit heating and cooling.  local PMs are telling me thats going to limit my rental cap.  they said 50$ a month more for non window unit.   these are 2 bed 1 bath 750sf per unit.  I was thinking of putting  duel head mini splits in each unit as they do tenant turns and maximize rents.  currently its under market at 600$ per door. PMs tell me they should be at 700-750 with window units and 800 without.  each unit has own electric meter and pays it.   opinions?  

Most Popular Reply

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1,916
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Ola Dantis
  • Multifamily Syndicator
  • Houston, TX
2,232
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1,916
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Ola Dantis
  • Multifamily Syndicator
  • Houston, TX
Replied

@Tyler Labelle 

If you have the CapEx and that spend justifies the rent increase, I'd say go for it.

At the end of the day, you are adding value to the properties and if you are holding long term it could be a good idea. 

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