How do you calculate your rent after upgrading the flooring?

[Ralph Miller]

Hello BP!

I am changing my flooring from carpet to luxury vinyl flooring and it is costing me about $2200.

My question is this: how do you calculate your increased rent?

Do you divide the cost of the new flooring by 12 months and increase the rent that much?

Do you try to recoup your money in 2 years? 3 years? More?

Or do you just keep rent based on what the market allows? I mean, there has to be some level of increase for rent if you upgrade the flooring, right?

Interested to hear everyone’s thoughts!