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Updated about 4 years ago on . Most recent reply

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Chun Chan
  • Rental Property Investor
  • Southern California
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Would you ask solar power to long-term rental?

Chun Chan
  • Rental Property Investor
  • Southern California
Posted

I am considering adding solar power to my upcoming long term rental properties in Arizona to maximize my rental income? I am considering lease to own option will cost zero all of the pocket. Any thoughts?

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Steve Morris
  • Real Estate Broker
  • Portland, OR
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Steve Morris
  • Real Estate Broker
  • Portland, OR
Replied

In AZ, think I'd do it in a heart beat.

Only issue is that Tesla/SolarCity will record a UCC against the property for the lease.  Since it's recorded, any debt recorded later will be subordinate.

Not a problem, but if you sell, it may take 15 phone calls (don't ask how I found out) to Tesla to find a person that'll return your phone call.  They need to do a release and then re-record after the new primary debt.

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